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New Member
posted Oct 30, 2019 6:52:58 AM

Is it okay to pay my income tax owed (via online payee) before actually filing my return?

Netfile isn't open for 2 more weeks but I want to sort out my (self-employed) cash flow asap. I can already see the 2017 CRA return listed as a payee in my online banking. Is there any harm in submitting payment before officially filing? 

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Level 13
Oct 30, 2019 6:52:59 AM

You are able to send a payment to the Canada Revenue Agency ahead of time.  Since they will not show you having a debt owing, it will most likely show on your account as a credit.  You may want to follow up with them once you do NETFILE your income tax return to make sure that your credit is applied to your balance owing.