Personal Finance

Sole prop have to pay taxes this year

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  • Jul 15th, 2020 11:10 am
[OP]
Sr. Member
Jul 2, 2013
793 posts
216 upvotes
Aurora

Sole prop have to pay taxes this year

Im a sole proprietor and this year I owe. How exactly do I pay my income tax owing? I have an RBC business account which I make HST payments through. Do I choose Personal tax installment txins? Where would I find my tax account number?
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2 replies
Deal Fanatic
Jan 19, 2017
7423 posts
4332 upvotes
lehmanr wrote: Im a sole proprietor and this year I owe. How exactly do I pay my income tax owing? I have an RBC business account which I make HST payments through. Do I choose Personal tax installment txins? Where would I find my tax account number?
For personal income tax, it is your SIN.
Penalty Box
Jun 24, 2015
7200 posts
2235 upvotes
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for Sole Proprietor, if you owe, they will send you a Statement of Account with a Remittance Voucher, you can pay that at a bank, or via mail, or even online
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