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Email this8:58 am
December 17, 2016
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From the National Post -
Everything you need to know about paying taxes by instalments, and why ignoring the CRA's reminders is a bad idea
9:23 am
February 27, 2018
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Thanks Top It Up.
I am in that boat, the CRA have told me... in August they will mail my tax installment reminder. I always hang up on automated calls AND the cra have said in the past, DO NOT trust "this is the cra, pay $xxxxx now, or you are going to jail" calls.
12:35 pm
January 23, 2013
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If I need to pay, will CRA send letter or something? I think I may have to pay installment but not sure. I didn't get any letter or email but I think I got automated calls from CRA. I hung up thinking that it is scam.
12:54 pm
August 1, 2015
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You get a letter telling you what and when.
1:19 pm
January 23, 2013
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file said
You get a letter telling you what and when.
Thanks. Then I guess I can just wait till CRA send letter.
1:21 pm
December 17, 2016
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Paying your income tax by instalments
Do you have to pay tax by instalments?
Calculation chart for instalment payments for 2018.
4:10 pm
February 4, 2017
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I always owe them something. They send a bill. Give them something every month or so if you desire. Do they like it? No.
1:50 pm
October 27, 2013
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file said
You get a letter telling you what and when.
Or you get it in your MyAccount Inbox if you have elected for electronic communications (which I have). If there is no installment letter, there are no installments owing. I always simply follow what CRA tells me. One cannot go wrong doing that. Any cumulative over payment that one might incur is not worth the 1-2% interest you would have obtained otherwise.
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