Rates and deadlines
Personal Tax Instalment Dates for 2027
December 15, 2026the next instalment date. In 2027 instalments are due March 15, June 15, September 15, December 15.
Sources checked October 20263 min read
Who pays instalments
Instalments are for people whose tax is not withheld at source, typically the self employed, landlords and investors. You have to pay them for a year when your net tax owing is more than $3,000, or $1,800 in Quebec, for that year and for either of the two years before it.
| Instalment | Due |
|---|---|
| First | March 15, 2027 |
| Second | June 15, 2027 |
| Third | September 15, 2027 |
| Fourth | December 15, 2027 |
Key points
- Required when net tax owing passes $3,000 this year and in either of the last two ($1,800 in Quebec)
- Next instalment: December 15, 2026
- 2027: March 15, June 15, September 15, December 15
- Farmers and fishers make one payment by December 31
Working out the amount
There are three ways. The simplest is to pay the amounts on the reminders the CRA sends in February and August. You can instead base the payments on last year's tax or on an estimate of this year's. Paying the CRA's reminder amounts on time means no instalment interest, even if your tax for the year turns out higher.
Late or short instalments are charged interest at the prescribed rate, 7% for October 1, 2026 to December 31, 2026, and a penalty can apply on top when the instalment interest for the year is large.
Quick answers
When is the next personal tax instalment due?
December 15, 2026.
Do I have to pay instalments?
Only if your net tax owing is more than $3,000, or $1,800 in Quebec, this year and in either of the previous two years.
What happens if I pay the CRA's reminder amounts?
If you pay them in full and on time, the CRA does not charge instalment interest for the year, whatever your final tax turns out to be.
Related pages
Official sources
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Important. This article provides general educational information, not legal or tax advice for a specific business. Rules, administrative policies, rates and deadlines can change. Confirm your facts and current obligations with the responsible government agency and a qualified adviser.