Please see the beginning of the article in our previous post
Receiving an instalment reminder
The CRA sends instalment reminders to people who will likely have to pay tax instalments. The
reminders suggest the amount to pay and lists the calculation options.
There are two instalment reminders (form INNS1) sent:
February reminder is for the March and June payments
August reminder is for the September and December payments
You can view your instalment reminders online using My Account.
If you received an instalment reminder in 2022, but your 2022 net tax owing is $3,000 or less ($1,800
or less for Quebec), you do not have to pay tax instalments for 2022.
(The original article can be found here).
*The preceding information is for educational purposes only. As it is impossible to include all situations, circumstances and exceptions, a further review should be done by a qualified professional. No individual or organization involved in either the preparation or distribution of this text accepts any contractual, tortious, or any other form of liability for its contents.
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