SafetyinNumbers Posted November 15, 2016 Share Posted November 15, 2016 I figure a lot of people on this board make tax instalments or are CA/CPAs so please share your view. I have paid instalments for the past few years and historically it has worked out so that I have a small amount owing or a decent sized refund. This year (knock on wood), I'm looking at a payable more than twice my instalment and I'm wondering if there is any advantage to topping up my December instalment or will my future required instalments be unaffected if I do so? Link to comment Share on other sites More sharing options...
scorpioncapital Posted November 16, 2016 Share Posted November 16, 2016 In the following year, your installment will be higher but you can switch to the estimated actual amount owing and ignore the installment calculated. Link to comment Share on other sites More sharing options...
SafetyinNumbers Posted November 16, 2016 Author Share Posted November 16, 2016 Thanks Scorpion. I wish I could predict my yearly capital gains ahead of time! Link to comment Share on other sites More sharing options...
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