Close

Our Privacy Statement & Cookie Policy

All Thomson Reuters websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.

T1 tax calculations
433 Instalments and deductions at source

Print this pageForward this document  Inaccurate number of payments in instalment table

Program(s) affected: T1 Document created: April 1, 2005
Tax year(s): 2004 Document last modified: April 8, 2005
Version(s): 8.21 Problem status: Fixed in v8.22

I'm using the prior year (¼) method for the calculation of instalments. Why are there two payments instead of four in the instalment table?

Indeed, the 2005 payments are divided into two instalments (September and December) instead of four.

As a workaround, in the keyword group InstalMethod, select the option Instalments recommended / OV, and enter the appropriate amount for each month.