Be advised that personal tax instalments are due on September 15, 2018. Any individual who received a request to pay personal instalments in August or September, needs to attend to this matter before the due date.
Thank you so much for getting this sorted out for me so quickly and efficiently. So glad to have finally got all my taxes in order. I received the cheque on the mail last week just in time for us to spend it all on our trip to Ireland this month to visit my family!
This is a reminder that personal instalments are due on September 15, 2018. The amount due is generally either ½ of the total amount due in April 2018, if you did not receive a request to pay instalments earlier this year, or ½ of the amount remaining from your tax bill in April 2018, less the amount that you were requested to pay on March 15 and June 15, 2018.
Note that my clients can elect to have reminder emails sent out two weeks prior to the instalment due date.
You may also arrange for pre-authorized debit withdrawals from your bank through the CRA’s My Account service.
Failing to prepaid the instalments will result in non-deductible interest charges.
I have an interesting episode recently, which drew my attention one of the great lies about taxes. That lie (quote) is:
I am from the Government and I am here to help you.
I’ve forgotten who came up with that quote, but it is rather apropos in this age.
Now, we in Canada are familiar with Phoenix, specifically the government’s payroll system. Most people who receive a T4 out of this system approach the slip with some trepidation. They are not convinced that the slip is correct. Even when they check against their bank account and the amounts deposited match the slip.
So then, why do people trust the tax slip download (called Auto-Fill My Return) from the Canada Revenue Agency as if it is gospel?
I am building in some automated confirmations into my business process. Clients will notice some of these changes when I start to work on their tax return.
My computer system will automatically ask for a confirmation of your contact information when I start working on your tax return. Also, if you ask for a change of information, you will be provided a preview of the change that I have entered and you will be asked to approve that change. The whole process should be completed within a minute and can be handled on a smart phone or other device any time of the day or night.
This is done to ensure that I have the correct contact information on your tax return when it is filed.