Everything you need to know about paying taxes by instalments, and why ignoring the CRA’s reminders is a bad idea


Under the technical tax rules, quarterly tax instalments (due March 15, June 15, Sept. 15 and Dec. 15) are required for 2018 if your “net tax owing” this year will be more than $3,000 ($1,800 for Quebec tax filers) and was also greater than $3,000 in either 2017 or 2016.Peter J. Thompson/National Post files

Next Friday, June 15, is an important tax date, not only for those who are self-employed (your 2017 tax return is due then) but also for those taxpayers who are required to pay taxes by quarterly instalments.

If you’re one of those taxpayers, hopefully you didn’t simply hang up if you recently received an automated telephone message purporting to be from the Canada Revenue Agency because chances are it was actually from the CRA.

At the end of May, the CRA starting sending automated telephone messages to certain taxpayers who may be required to pay their tax by quarterly instalments and have either missed a payment or been charged instalment interest in the past, to remind them of the June 15 due date.

The messages will continue to be sent through Monday. The message neither includes any personal taxpayer information nor does it ask for any. Note that since the due-date reminder message is not a telemarketing call, the National Do Not Call List, which allows Canadians to opt out of receiving telemarketing calls, does not apply. (You can still, however, opt out of these calls by contacting the CRA yourself.)


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