Payment on balance-due day
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Payment on balance-due day
If you were not required to pay by instalments for a particular tax year, the net amount of taxes in functional currency is to be converted to Canadian currency using the exchange rate on the balance-due day.
If you were required to pay by instalments, see Paying instalments.
Note
Use the Bank of Canada daily exchange rate, to 4 decimal places, of the particular day to convert the net amount of tax owing. If the particular day is before March 1, 2017, use the noon rate. If no rate is quoted, use the rate from the closest preceding day for which a rate is quoted.
- Date modified:
- 2017-04-28