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Advice on estimates.

I was wondering if I can get some advice on estimates. I have an AGI of 112.5K and the following year I will be making about 99K which about 13% less and does not meet the 15% threshold so the CSA can decline my estimates. So I decide to declare I make 94.5K 16% less and this amount should be accepted by the CSA as far as estimate penalties goes I would have the make more than 103.95K before I would incur with them? So say I made Just 103.9K, once the account is reconciled, I would than only have an outstanding bill of say 2.5K and on penalties. Do I have a correct understanding?
Estimate the lower amount for most of the year & then re-estimate closer to the end of the fin year with a figure reflective of your actual income. Typically CSA won't ask any questions at this stage. This happens from time to time with Overtime, award increases etc.

Be ready though for an objection (by ex) to your estimate & in that case CSA will want documentation on your actual income.

I think CSA only applies a fine if your estimate if >10% less than your actuals when reconciled.

"I know that you believe you understand what you think I said, but I'm not sure you realise that what you heard is not what I meant."

 
Thank you for your answer, Just wanted to be sure I got that right, a number of years ago I had to do and estimate so I though is was the the end of the financial year and missed it by a few hundred dollars, I thought great I did a good job but no at that time the estimate was for the following 12 months and not the six month until the end of the financial year.  I had a raise in July and a bill for about $1000 when they reconciled the account.  At least they did not charge me any penalties as they understood my mistake. 
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