u/chenthepanda

▲ 0 r/cantax

CRA Tax Installments help

Hi. I got a notice from the CRA about paying a huge amount of money.

However, I was self employed for about 2 years but stopped around April and now earn a lot less as a full time.

My understanding is that CRA wants me to pre-pay the taxes that i would owe, but I definitely don't earn that much anymore. how do i pay that if i don't earn that anymore?

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u/chenthepanda — 6 days ago