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aldourado
New Member

What is the "second preceding year method"? Does it happen only after CRA command?

 
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What is the "second preceding year method"? Does it happen only after CRA command?

That means that your first two tax installment payments will be based on the tax payable from the second preceding year and the last two payments will be based on the tax payable from the preceding year. 

If you are required to pay tax by installments, you can choose how to calculate your installment payments.

 

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