The Late Policies tab in the Canvas Gradeook allows you to automatically apply late policies in your course. To use the Late Policies tab:
Open the Policies option
Click the Gear in the upper right-hand corner of the Gradebook.
Click Late Policies
Click the Late Policies tab.
The Missing Submission policy allows you to automatically apply a grade for submissions labeled as Missing [1]. A submission is labeled Missing when the due date has passed and the assignment has not been submitted.
The Late Submission policy allows you to automatically apply a defined penalty to submissions with a status of Late [2]. A submission is labeled Late when it is submitted past the due date. Additionally, you can define a threshold under which a student will not be scored, regardless of how late the submission is when submitted.
Additional information about the Canvas Gradebook can be found at the following Canvas guide, How do I use the Gradebook?