Reducing Late Income Tax Payment Interest

The Canada Revenue Agency charges installment interest on late income tax payments.  However, if you incur a penalty it is possible to eliminate or reduce the charge by paying your next installment early.  More information can be found on the CRA website at:

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/pymnts/nstlmnts/ntrst-eng.html

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