Independent taxpayer storiesCollections
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.
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 dateMarch 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.