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Summary
- General information - Instalment payments
- Special situations
- Calculation methods
- Payment of instalments
- Payment of balance due
- Interest on late payments
General information – Instalment payments
Instalment payments are monthly remittances of income tax, tax on capital or compensation tax (in the case of financial institutions) that are made in the course of a corporation's fiscal period.
A corporation must make instalments if the total of its income tax payable and tax on capital exceeds $1,000 for the current fiscal period and for the previous fiscal period.
