Abigail Ltd. is a small CCPC eligible to make quarterly instalments of its corporate income taxes. The corporation has a December 31 year-end. Ava, the owner-manager, has estimated that the corporation’s tax liability for the 2016 taxation year will be $50,000. Your files indicate that the 2015 tax liability was assessed at $45,000 and the 2014 tax liability was assessed at $40,000.

REQUIRED

What are the options available to Abigail Ltd. to calculate quarterly income tax instalments?