Instalment payments

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Instalment payments

As a self-employed individual, you may have to make instalment payments.

Instalment payments are due on;

  • March 15
  • June 15
  • September 15, and
  • December 15.

There are different methods that can be used to calculate instalment payments. To determine which calculation method is best for you, see Paying your income tax by instalments.

In most cases, we will send you a notice indicating any installment payments we have calculated for you.

You may have to pay interest and a penalty if you do not send your instalment payments on time.

For information on GST/HST instalments, see GST/HST instalment payments.

Note

When the due date for making a payment falls on a Saturday, Sunday, or a public holiday recognized by the CRA, we consider the payment to be made on time if we receive it on the next open business day.

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Date modified:
2017-01-03