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The amounts shown on CRA instalment reminders are best described as​ ________. Choose the correct answer....

The amounts shown on CRA instalment reminders are best described as​ ________. Choose the correct answer.

A. a payment amount an individual can make to be certain to avoid interest

B. the maximum instalment that an individual can pay to avoid interest

C. the minimum instalment that an individual can pay to avoid interest

D. the amount an individual must pay to be compliant with instalment requirements

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Solution: Answer: A. a payment amount an individual can make to be certain to avoid interest Explanation: This is an optional amount, which is neither minimum nor maximum nor must amount to be paid In fact, it is the amount best estimated by CRA to be paid for current year tax liability But a taxpayer who choose this option will be certain that will not be charged any interest or penalty

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