Canada Revenue Agency Online Payments Options and Scheduling

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The Canada Revenue Agency (CRA) offers online payment options for individuals and businesses to pay their taxes, fines, and other debts.

You can make online payments through the CRA's My Account service, which allows you to view and pay your taxes, as well as access your tax information.

To use My Account, you'll need to create an account and verify your identity, which can be done online or by phone.

The CRA also accepts online payments through its website, without the need for a My Account login.

Making Online Payments

You can pay the Canada Revenue Agency (CRA) online using various methods. The CRA offers a wide range of online payment options for various tax and benefit obligations.

To pay using your online banking, you'll need to log into your online banking profile and add a payee. For individuals, look for 'CRA Personal Income Tax – 2023 Tax Return Remittance Voucher' or something similar under the “add a payee” tab. For businesses, you can use the online banking at your financial institution to pay GST/HST, Payroll Source Deductions, Corporation Income Tax, and more.

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You'll need to enter your account number, which is your social insurance number (SIN) for individuals, or your business number (BN) plus the suffix listed on a recent communication with CRA for businesses. Make sure to review the details before you proceed and confirm the payment.

Here are the steps to make online payments to the CRA using your online banking:

Payments are usually received by CRA within 5 business days, and your processed payment will be clearly identified on your next bank statement.

Preparation and Options

Before making a payment to the Canada Revenue Agency (CRA), it's essential to prepare the necessary information. You'll need your Social Insurance Number (SIN) or Business Number (BN), the amount of tax you need to pay, and your banking information if you're using the CRA's My Payment or a third-party service.

To make an online payment, you can use your financial institution's online banking bill payment service or the CRA's My Payment service. Most banks allow you to file your GST or payroll remittance at the same time as payment.

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Here are the two most common electronic payment options:

You can also set up pre-authorized debit (PAD) payments to the CRA, which can be a convenient option for regular payments.

Electronic Options for CRA

To pay your taxes electronically, you have several options. You can use your financial institution's online banking bill payment service.

The CRA's My Payment service is another option, which accepts Interac Debit, Visa Debit, or Debit Mastercard payments. You'll need a valid debit card and to log in to the CRA website.

To make a payment, you'll need to select your payment type, account number, payment period, and amount. Once you're happy with the payment, confirm and click "Pay Now" to proceed.

You can also set up pre-authorized debit (PAD) payments to the CRA, which can be set up for a one-time payment or for a series of payments.

If you're a business, you can use the CRA's My Payment service to make GST/HST, corporate tax, or payroll payments. You'll need to select the type of payment and the amount, and then confirm the payment.

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The CRA accepts a wide range of online payment options for various tax and benefit obligations, including income tax, GST/HST, source deductions, and benefits repayments.

Here are some of the online payment options available:

  • Income Tax: Pay your individual or self-employed income tax with ease.
  • GST/HST: Submit your GST/HST remittances electronically if you're a business owner.
  • Source Deductions: Simplify payroll deductions like income tax, CPP contributions, and EI premiums.
  • Benefits Repayments: Repay government benefits easily, such as the Canada Emergency Response Benefit (CERB).
  • Other: Settle penalties, interest charges, and other CRA-related debts conveniently.

You can also pay using your online banking, by logging into your account and adding the CRA as a payee. You'll need to enter your account number, which is your Social Insurance Number (SIN) for individuals or your Business Number (BN) for businesses.

The payment process is similar to making a payment to a utility company, and you'll be able to review the details before confirming the payment. Once you've confirmed the payment, you'll receive a summary of the payment with a confirmation number.

Some banks may charge an administrative fee for online payments, which can be deducted for businesses. It's a good idea to check with your bank to find out what the fees are.

In general, payments are processed by the CRA within 1-3 business days, and you'll receive a receipt for your payment.

Scheduling

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Scheduling is a great way to stay on top of your payments. You can plan ahead and automate future payments through the CRA My Account or My Business Account.

To schedule a payment, you'll need to log in to your CRA account. Navigate to the "Payments and Credits" section.

You can schedule payments at least 5 business days before the due date. This gives you plenty of time to set up recurring payments.

To set up recurring payments, choose "Schedule a payment" and follow the on-screen prompts.

Payment Methods

The Canada Revenue Agency (CRA) offers several online payment methods, making it easier to settle your tax and benefit obligations.

You can pay your individual or self-employed income tax, GST/HST remittances, and source deductions online. This includes income tax, CPP contributions, and EI premiums.

The CRA provides a direct debit card payment option for individuals and businesses who want to simplify their payments.

Here are some of the online payment options available for various tax and benefit obligations:

  • Income Tax: Pay your individual or self-employed income tax with ease.
  • GST/HST: Submit your GST/HST remittances electronically if you’re a business owner.
  • Source Deductions: Simplify payroll deductions like income tax, CPP contributions, and EI premiums.
  • Benefits Repayments: Repay government benefits easily, such as the Canada Emergency Response Benefit (CERB).
  • Other: Settle penalties, interest charges, and other CRA-related debts conveniently.

Frequently Asked Questions

How do I pay Canada Revenue Agency without a Canadian bank account?

To pay the Canada Revenue Agency without a Canadian bank account, you can make a wire transfer, but note that this option is not available for GST/HST security deposits. Wire transfers may also incur service fees from the provider.

Felicia Koss

Junior Writer

Felicia Koss is a rising star in the world of finance writing, with a keen eye for detail and a knack for breaking down complex topics into accessible, engaging pieces. Her articles have covered a range of topics, from retirement account loans to other financial matters that affect everyday people. With a focus on clarity and concision, Felicia's writing has helped readers make informed decisions about their financial futures.

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