Tax season is upon us!

Tax season is upon us! I wrote about the complicated business of filing taxes as a postdoc last year, and this post by Paul Krzyzanowski is very useful. Good luck everyone!

One fun wrinkle I've encountered this year is that people with a >$3000 tax bill (e.g., postdocs holding NSERC PDFs) for the current year plus either of the previous two years are required by the CRA to paying the next year's taxes in instalments, probably to avoid scenarios where us poor suckers haven't put anything aside all year.

However, if you're certain your next year's tax liability will be below $3000, it looks like you can safely ignore the notices the CRA will send you about this- since the PDF award is for two years, it's likely that most postdocs will not have to worry about this. You can read more about instalments here.