Simplified Instalment Requirements for Small Corporations

Information Notice 6001
Published: May 2002
Content last reviewed: November 2010
ISBN: 0-7794-2856-0 (Print)

Publication Archived

Notice to the reader: This publication was archived and kept for historical purposes. Use caution when you refer to it, since it reflects the law in force at the time it was released and may no longer apply.

About this Notice

This Notice is a reminder of the simplification oftax filing procedures announced in the 2001 Ontario Budget.


Previously, the Corporations Tax Act (CTA) provided that monthly tax instalments were required where the tax payable for the year was equal to or greater than $2,000.

Quarterly Instalments

To simplify instalment requirements for more small businesses, corporations with tax payable for the current or immediately preceding taxation year equal to or greater than $2,000 and less than $10,000 are allowed to calculate and pay their instalments on a quarterly basis. This change was announced in the 2001 Ontario Budget and is effective for years commencing after December 31, 2001.

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