Business Account Tax payment

[PR_User]

Hi All,

My husband was contracting during prev financial year for few months.

He withdrew the money from his business account then and there.Now the tax amount is around 10000 CAD.He does not have any money.How do we pay the tax ? Can we pay in installments to CRA or create a shareholder loan ?

Please suggest.

 

[pie_vancouver]

Yes I think you can pay by installment, browse the my account it's there, or call CRA.