Tax Installments

[kindertime]

I didn't have to pay installments, and I owed $4300 on about $35, 000 gross last year(and I had tons of expenses) I think you need to consider total household income as well, and all of your personal family claims outside of business. Everyone has a unique set of circumstances.

I know my credibility is shot here, but I have to...
I would assume for you, the $35,000 gross is before you deducted expenses. That changes things a lot. Your taxable income comes after you deduct business expenses. And, the $4,300 is your total tax bill. That would likely be mostly CPP, which doesn't figure into whether you have to pay installments. (It could be something like $1300 tax and $3000 CPP)

I just spent more than an hour on the phone this morning with a friend who also does daycare. Last year, she stopped having an assistant "on the books" and her tax bill has more than doubled. She can no longer claim the expenses related to paying this person so she is on the hook for over $6000. (In Que. you can have 9 kids that are 5 and under if you have an assistant)