Fishers and Farmers – Making Instalment Payments
When is your instalment payment due?
As a fisher or farmer, you must make one instalment payment per year. You will receive form TPZ-1026.A-V, Instalment Payments Made by an Individual, in November, and you must make your payment before December 31 of the year. The amount payable is shown on the form.
If you do not receive form TPZ-1026.A-V, you will have to determine whether you are required to make a payment. To do so, either use form TP-1026-V, Calculation of Instalment Payments to Be Made by Individuals – 2020, or contact us.
How to make your instalment payment
You can make your instalment payments in any of the following ways:
- electronically:
- online through a financial institution's website,
- by pre-authorized debit,
- in person at a financial institution or an ATM, using the remittance slip from the bottom of the first page of form TPZ-1026.A-V (check with your financial institution to see if it offers these payment methods);
- by mail (enclose the remittance slip of form TPZ-1026.A-V).
If you do not have a remittance slip, use the online service for requesting a remittance slip for instalment payments, available in My Account.
As of January 1, 2024, you must make payments of more than $10,000 electronically (for example, online or through a financial institution), unless electronic payment is impossible due to special circumstances. If you do not, a penalty may be applied.
How to view your instalment payment information
You can use the service in My Account for individuals for viewing instalment payment information to see the following information:
- your payment code;
- your instalment payment notices (also in your My Account inbox);
- the amounts of the instalment payments you have made for the current year;
- the proposed amounts of the instalment payments that you must make, based on the information you provided in your previous income tax returns;
- the dates you made your payments.
Some of this information is also available in My Account. Use the different online services to view your statement of account and tax data.
How to receive your instalment payment notices online
To inform us that you no longer want to receive your instalment payment notices by mail and agree to receive all communications online only, you can:
- change your communication preferences in My Account;
- check the appropriate box when using authorized software to file your income tax return;
- enter your email address on line 10.1 of your income tax return and check the box on line 10.2, when you file by mail; or
- contact our client services.
For more information, see the Instalment Payments page.