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Tax Installment Series: Paying your income tax by installments

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Tax installments never looked cuter…

Whether you spell it “instalment” or “installment”, it comes down to this: If you ever got hit with a large tax bill on April 30th, you’ve probably considered making an installment, or a regular income tax payment, to avoid paying in a lump sum. Suddenly, your balance owing will seem a lot less, “I’m gonna have to go live with squirrels” and way more “OMG, I got this!”

As part of our new blog series, each week, we will look at paying your net tax owing by installments, answering the questions below:

  • what items to consider when deciding if you have to pay by tax installments and why you should pay by tax installments
  • when do you have to pay your 2017 installments and how to calculate your installment payment

Get ready for cool and informative weekly posts on one of our most asked questions, especially during tax time. Amazing conversation starter alert.