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posted Apr 20, 2021 6:00:41 AM

How can we pay our balance due ?

My wife and I have to pay for 2020 Taxes a total of $9,626.54. My bottom line is to pay $14,562.46 my wife's bottom line is to receive $4,935.92.
Can I pay the difference  $14,562.46 -$4,935.92.  = $9,626.54  to CRA ?

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1 Replies
Level 5
Apr 20, 2021 10:14:42 AM

Unfortunately, you cannot pay the difference amount by deducting your wife's amount. You would have to make a payment with your full owing amount. 

If you cannot pay your tax owing balance at once, you can arrange a partial payment. 

 As per CRA: If you can only make a partial payment, you must also make a payment arrangement to pay the balance of your debt. A payment arrangement lets you make payments over time until you have paid the entire debt, including interest.

 

For more information, please follow the CRA link provided below:

Paying your 2020 taxes owing  

 

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