Quote:
Originally posted by rickholio
Are you *required* to submit monthly, or is it one of those typical CCRA bullshit deals where you get tagged interest on monies owed, but the actual tax amount doesn't *have* to be remitted until 3 months after filing (which can be up to 6 months after corporate year end)?
Personally, I don't have this problem... I lop 18.1% off of every cheque and send it to CCRA up front, get a nice fat return at the end of the year because of the overpayment (ignores expenses when I do it up front like that), then I roll that return into the following years taxes and just hold off paying any tax until the surplus is used up.
Heh, I gotta hang out here and talk tax more often. Finding out all kinds of interesting edge cases here. 
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I'm required to according to the CCRA documents I have, plus they keep sending me remittance forms every month to complete. I do more or less the same, I prepay the entire year, get an adjustment check send 3 months after year end. The stupidest thing I've seen is you have to pay 3 months after year end but only file 6 months after. of course I have no idea how much I owe until I file which is 6 months after so my taxes is a mess the first 3-4 months after year end.
WG