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.
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