Payment Plan Calculator
See how long it could take to pay off a CRA balance at an affordable monthly amount, and how much interest accrues along the way.
Important: This is an educational estimate only, not tax advice, and is not connected to your real CRA account. Actual payment arrangements are determined by the CRA. See our Disclaimer for details.
CRA's prescribed arrears interest rate changes every quarter — this defaults to an illustrative value. Check the current rate on canada.ca before relying on this estimate.
Estimated result
Months to pay off28
Estimated payoff dateJanuary 2029
Total interest paid$488.02
Total amount paid$5,488.02
Simplified estimate: assumes a fixed monthly payment, a fixed interest rate, and no new balances added during the payoff period. Actual CRA payment arrangements may differ.