Many of my clients come to me with really important questions that need an immediate answer. I never leave my clients hanging.  Each month in my #AskMelanie column, I address those burning questions so that you can maximize your time on growing your business and not worry about taxation issues. As a CPA accountant serving the Milton and GTA community, I am excited to have recently opened a bright and beautiful location in downtown Milton so please feel free to drop by and address your needs with me in-person.

#AskMelanie: Should I make personal income tax installments suggested by CRA?

Based on your income tax returns filed for the past couple of years, if you owed more than $3,000 in this past taxation year, you may need to make installments towards the coming taxation year.   Is that always the case ? Nope.  Something on this year’s tax return may not re-occur in the next taxation year (for example the sale of a property) and so, your income may, in fact, be lower this coming year.  You always have the option of calculating your own installments and should consult with your accountant.

I provide a wide range of professional accounting, income tax preparation and consulting services including:

• Financial statement preparation
• Accounting and bookkeeping
• Personal Income tax preparation
• Estate returns
• Corporate Income tax preparation
• CRA audits and assistance
• HST and sales tax
• Business succession and valuations
• Business start ups

Let’s get started in three easy steps:

1. Learn more about me ⇨ Send me a LinkedIn connection invite
2. Send me an Email ✉ Send me a message at melanie@miltonaccountant.com
3. Call ✆ Give me a call locally at 905-875-4444

Get more advice from Melanie on her blog and connect with her on Facebook and Twitter as well!