Revenu Québec and the CRA both provide official proposals for instalment payments on personal tax returns when thresholds are met. Taxpayers must follow these to avoid interest and penalties.
Revenu Québec Process
Revenu Québec requires instalments if your estimated net tax for the current year exceeds $1,800 and was over $1,800 in either of the two prior years.
They send form TPZ-1026.A-V or TPZ-1026 after assessing your return, outlining quarterly amounts due March 15, June 15, September 15, and December 15. You remit payments using the form’s details via online services, bank, or mail.
CRA Process
The CRA requires instalments if your 2026 net tax owing exceeds $3,000 and was more than $3,000 in 2025 or 2024 ($1,800 threshold applies in Quebec).
They mail an instalment reminder (INNS1) or summary (INNS2) with calculated amounts, or you access via My Account; payments are due on the same quarterly dates. Options include no-interest calculations if accurate, but the CRA’s proposal guides the base amount.
Expert Fiscaliste Process
Expert Fiscaliste will generate estimates, but official guidance comes from the government’s official proposals.
Key Comparison
| Aspect | Revenu Québec | CRA |
|---|---|---|
| Threshold | Net tax > $1,800 current + prior year | Net tax > $3,000 current + prior year |
| Proposal Form | TPZ-1026 / TPZ-1026.A-V | INNS1 reminder / INNS2 summary |
| Due Dates | Mar/Jun/Sep/Dec 15 | Mar/Jun/Sep/Dec 15 |
| Payment Methods | Online, bank, mail | Online, My Payment, bank, mail |
📋 Key 2026 CRA Dates
- 📅 Instalment due dates: March 15, June 15, September 15, December 15. canada
- ⏰ If on weekend/holiday, pay next business day. canada
👥 Who Pays Instalments
- 💰 CRA requires if net tax > $3,000 CAD ($1,800 in Quebec) for two prior years. canada
- 🧑💼 Common for self-employed, investors, reduced deductions. canada
✅ Benefits of Timely Payments
- 🚫 No interest (9%+ annually) or penalties on instalments. canada
- ✅ Better cash flow planning; avoids CRA collections notices. canada
- 📈 Maintains good compliance standing for loans/audits. canada
➡️ No 2026 Tax Liability Benefits
- 💸 Zero payments due; full cash flow for business/investments. canada
- 📝 No instalment reminders, calculations, or Form IN-140 needed. canada
- 🛡️ Skip overpayments; earn interest on funds yourself. canada
Federal vs Quebec
- Federal: 📅 Mar 15, Jun 15, Sep 15, Dec 15. canada
- Quebec: 📅 Same four dates. revenuquebec
📊 Quick Comparison
| Jurisdiction | 📅 2026 Dates | 💵 Threshold |
|---|---|---|
| CRA (federal) | 📅 Mar 15, Jun 15, Sep 15, Dec 15 | Net tax > $3,000 for 2 years canada |
| Revenu Québec | 📅 Mar 15, Jun 15, Sep 15, Dec 15 | Often > $1,800 triggers revenuquebec |
About Expert Fiscaliste
Call Now: 514-954-9031
Email: will@expert-fiscaliste.ca
Visit our Contact Page
At Expert Fiscaliste, we specialize in providing expert income tax preparation and consulting services for both individuals and businesses.
The 2025 Tax Season is Now Open!
The Netfile and Refile systems for CRA and Revenu Québec are officially open, so it’s the perfect time to file your 2025 tax returns.
Let us help you navigate the process and ensure your returns are filed correctly and on time.
How to Get Started:
- 📞 Call us at 514-954-9031
- 📧 Email us at will@expert-fiscaliste.ca
- 🌐 Visit our Contact Tax Page for more information
Expert Fiscaliste: Your trusted partner in maximizing your tax savings and ensuring full compliance.
