Line 840 - Tax instalments paid
Line 840 - Tax instalments paid
On line 840, report all instalment payments you made for the tax year.
You can view your interim balance; and if needed, you can transfer payments within a program account and between program accounts of the same nine-digit business number and immediately view updated balances, by using the "View and pay account balance" service through:
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My Business Account at canada.ca/my-cra-business-account, if you are the business owner
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Represent a Client at canada.ca/taxes-representatives, if you are an authorized representative or employee
If there is a discrepancy between the amount you report on the return and the interim balance in your business account, the CRA will use the amount in your business account for the tax year being assessed when it processes the return.
For information on how to make payments, go to canada.ca/payments or see Guide T7B-Corp, Corporation Instalment Guide. For more information on calculating instalments, go to My Business Account at canada.ca/my-cra-business-account and use the "Calculate and pay instalment payments" service or see Guide T7B-Corp, Corporation Instalment Guide.
Note
Even if you elected to report in a functional currency,
you still have to complete line 840 in Canadian currency.
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