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What does it mean, “tax payment installements”? Is it payments made to pay off taxes due from previous years.

 
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What does it mean, “tax payment installements”? Is it payments made to pay off taxes due from previous years.

Hi, thank you for using TurboTax Community

Tax installments usually refer to payments to prepay tax for the following year and does not refer to payment of tax owing for the current or previous years. So for example if there was a balance owing for 2019 that must be paid by the due date; there may also be a requirement to pay a head (installments) for 2020 tax.

More information can be found at the link below

Hope this helps

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/making...