estimated that federal and provincial taxes payable for the taxation year ending December 31,2022 , will be $14,300. The actual federal and provincial taxes payable for 2022 , calculated in March 2023 , is $17,200. View the cases. Case A The individual's estimated tax payable for the current year and the actual tax payable for the preceding year exceeds Therefore, instalments required. The would result in the minimum instalment payments