Paying your income tax by instalments
Instalments are periodic income tax payments that you have to pay on certain dates. These are to cover tax that you would normally have to pay in a lump sum on April 30 of the following year. Instalments are not paid in advance; they are paid during the calendar year in which you are earning the taxable income.
Notice to the reader
If you have a balance owing and want to arrange a payment plan, go to Payment arrangements.
If you want information about instalments for a corporation account, go to Paying instalments.
The CRA has experienced an issue with the December 15 pre-authorized debit file and, as a result, payments for T1 instalment – no calculation agreements were not withdrawn from bank accounts. The CRA has corrected the issue and payments will be removed from bank accounts on December 31, 2020, and applied to the December 15 instalment date.
Services and information
- Do you have to pay tax by instalments?
Who has to pay tax by instalments, why, and what is an instalment reminder.
- How do you calculate your instalment payments?
The three calculation options, the calculation chart, what happens if you received an instalment reminder in August, and how to reduce your instalment payments.
- How do you pay your instalments?
The various payment methods, when you have to pay, and what happens if you overpaid.
- How do you claim your instalment payments on your tax return?
How to claim your instalment payments, and what happens if you move from Quebec in 2021.
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