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Should you be paying your taxes by nstalments?
The instalment threshold for individuals is $3,000 ($1,800 if you were a resident of Quebec).
You may have to pay your taxes by instalments if not enough income tax is withheld from your income. To find out if you have to pay your taxes for 2009 by instalments, estimate your taxes and credits for 2009 using your return for 2008. Enter those amounts in the chart on the Federal Worksheet in the forms book. The chart contains the most common factors to consider.
If our records show that you may have to pay your taxes by instalment, we will send you an Instalment Reminder in advance, showing the amount we suggest you pay and the date the payment is due.
For more information about instalment payments or instalment interest charges, see Pamphlet P110, Paying Your Income Tax by Instalments |
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