Monthly Archives: September 2016

CRA Instalment Payments: Do I have to pay them?

Written By on September 13, 2016

When tax returns for 2015 were filed, some individuals would have been required to make a substantial tax payment in April of 2016 since their 2015 tax withholdings and instalment payments (or lack of) were not sufficient to cover the additional income. In general, if that April payment upon filing was greater than $3,000, CRA will request those individuals to make instalment payments during the 2016 year. Instalment reminders are sent out by CRA (usually in August) and may ask […]

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