February 3, 2021

Prepaying reassessments – Advance deposits

If you anticipate a reassessment to a previous tax year, you may choose to make a payment in advance (advance deposit) to reduce interest charges.

To make advance deposits, use Form RC159, Remittance Voucher - Amount Owing. For information on how to get this form, see Payment vouchers.

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Original Article Source Credits: Government of canada, https://www.canada.ca 

Article Written By: NA 

Original Article Posted on: 2021-01-07

Link to Original Article: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/corporations/corporation-payments/prepaying-reassessments-advance-deposits.html

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