Do you have to pay tax installements? Canadian

[JessicaMarie_]

I live in B.C Canada, was wondering if any fellow canadian camgirls knew this:


Do you HAVE to pay tax installments? ide much rather pay everything in one lump sum at the end of the year.

Ive read on and off online that you can pay in one lump sum at the end of the year but you might be penalized/interest and was wondering if the penalty is severe? from what ive read online though it seems abit unclear to me so thats why im asking here

 

[Kiki Jane]

I have never heard of paying it in installments! I paid in one lump last year, for all my independent contract work (as separate entries with their respective codes) and it was all fine.