Curious to know what's going on here!
I owe $5k for last FY personal income tax due end of July, when looking under payment plans for this income statement, you can go through the process to setup a payment plan, selecting the upfront payment amount and then splitting the remainder into 10 payments and the final step before setting it up says:
"Total including $0.00 estimated general interest charge" with a breakdown of each payment, when they're due and all adding up to the total
Is this strange? I always thought the GIC is around 10% now. Obviously will pay in full if they're going to charge me interest, but this implies they're not going to (unless the "estimate" changes even after the payment plan has been setup)
What do we reckon?
Yes