Transferring overpayments

You may ask to transfer an overpayment when you file your income tax return. This can be done by either entering "2" on line 894 of the return or by attaching a letter to the front page of the return.

If you enter “2” on line 894 of your return, we will apply the residual overpayment to any outstanding debit(s) on your account and then to any debt(s) on a related business number account. We will transfer any remainder to the next year’s instalment account, along with refund interest, as applicable. We will calculate refund interest using the prescribed interest rate.

We do not transfer the overpayment to a related business number account if your returns are not filed up-to-date.

Forms and publications

• Guide T7B-CORP, Corporation Instalment Guide

Date modified:

2017-02-07