Tax Instalments

Income tax instalments are periodic income tax payments that the individual tax payer has to pay to cover the taxes that they otherwise have to on April 30th of the follow year.

You may have to pay your taxes in instalments if not enough income tax was withheld from your income.

If the CRA has determined that you might have to pay your taxes in instalments, they will send you an Instalment Reminder, the suggest amounts you need to pay and the dates the payments are due.

The instalment threshold for individuals has increased to $3000 or $1800 if you were a resident of Quebec.