How do individuals who pay their taxes by instalment pay the Ontario Health Premium?
Individuals who remit tax instalments based on their previous years’ net tax owing, should increase their current instalments to include the OHP. Instalment interest may be charged if these instalment payments are insufficient. Individuals determine the actual amount of the premium on the Form ON428, Ontario Tax when they file their annual returns. If the current instalments were insufficient, individuals could have a balance owing on their tax return.
