Calculation chart for instalment payments for 2021
If you are an individual, use this chart to calculate your estimated net tax owing and to determine your total instalment
amount due.
What you need – To fill out this chart, use the information on your 2020 notice of assessment, notice of reassessment or
income tax and benefit return, or use your estimated income, deductions, and credits for 2021, depending on the option you
decide to use. Then, enter the amounts that correspond to the lines in the chart.
For more information about instalment payments and the calculation options available to you, go
to canada.ca/taxes-instalments
.
Residence and main source of income
1. Do you live in Quebec?
Yes No
2. Will your main source of income in 2021 be self-employment income from farming or fishing?
Yes No
Income information
Payable
Dollars only
1
Net federal tax (line 42000)
$
2
Social benefits repayment (line 42200)
+
$
3Provincial or territorial tax (line 42800)
+
$
4
Yukon First Nations tax (line 43200)
+
$
5
Total payable (add lines 1 to 4)
=
$
Credits
Dollars only
6Total income tax deducted (line 43700) (Quebec residents use line 43900)
$
7Refundable abatements (line 44000 plus line 44100)
+
$
8Climate action incentive (line 45110)
+
$
9Refundable medical expense supplement (line 45200)
+
$
10
Canada workers benefit (line 45300)
+
$
11
Canada training credit (line 45350)
+
$
12Refund of investment tax credit (line 45400)
+
$
13Part XII.2 trust tax credit (line 45600)
+
$
14Eligible educator school supply tax credit (line 46800 and line 46900)
+
$
15Canadian journalism labour tax credit (line 47555)
+
$
16Provincial or territorial credits (line 47900)
+
$
17Yukon business carbon price rebate (line 63855 of Form YT479)
–
$
18
Total credits (calculate lines 6 to 17)
=
$
19
Net tax owing (line 5 minus line 18)
=
$
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