Statement of interim payments

The statement of interim payments is issued every six months for corporations when there has been interim activity. It is used to:

• acknowledge receipt of interim payments;
• show credit movement (transfers in or out);
• show the application of interim credits to assessments;
• provide interim credit balances by period(s); and
• provide the grand total balance across all interim periods.

If you are currently using Form RC160, Interim Payments Remittance Voucher, to make your instalment payments, we will continue to supply additional forms with your statement.

The instalment credits we show on your statement of interim payments for each tax year should agree with your records. If there is a discrepancy between the amount you report on your corporation income tax return and the interim balance in your business account, we will use the amount in your business account for the tax year being assessed when we process the return and we may refund the difference. If you return the refund, we will credit the account using the date that we received it.

You can view your instalment payments using the "Account balance and activities" service at:

• Represent a Client, if you are an authorized representative or employee; or
• My Business Account, if you are the business owner.

Transferring payments

You can transfer a payment online within a program account and between program accounts of the same nine-digit business number and immediately view the updated balance. See Transferring instalment payments.

Forms and publications

• Corporation Instalment Guide (T7B-CORP)
• T2 Corporation – Income Tax Guide (T4012)

Date modified:

2015-12-15