If you earn income that does not have tax withheld (or doesn’t have enough withheld), you may be required to pay your personal taxes in instalments throughout the calendar year rather than a lump-sum at April 30th of the following year. This usually happens if your income is from investments, rental properties or self-employment; however, it can also happen when you receive a pension.
If you feel the instalments requested by the Canada Revenue Agency (CRA) are too high, please contact us. We can determine a more appropriate amount to pay.
