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Maasha

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  1. Hi, Hope this helps: If your tax owing for 2024 is less than 3,000 you don't need to pay installment. Even if Ufile calculates it. From the CRA's website: https://www.canada.ca/en/revenue-agency/services/payments-cra/individual-payments/income-tax-instalments/who-pays-instalments.html 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 2024, but your 2024 net tax owing is $3,000 or less ($1,800 or less for Quebec), you do not have to pay tax instalments for 2024.
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