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10 Secrets Revenue Canada PDF Form

10 Secrets Revenue Canada PDF Form

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[Music] thank you hi guys it's air it's Ariel here from fix my box and today we are gonna be talking about what are CRA installment payments so first things first not everyone needs to make an installment payment so if you owe three thousand dollars or less you do not need to make installment payments so number two if you do need to pay installment payments you will get a worksheet from the CRA so the worksheet will look something like this this is an actual real worksheet I've just taken out all the details and you can see here it says exactly when they want this payment to be made how much you should pay them Etc if you have your tax preparer or accountant they should be providing this to you at the end of the year when you file your taxes to know how much you need to make installment payments for for the next year okay so what are installment payments actually so installment payments are basically like you are prepaying your tax owing at the end of the year s

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