|
Home -> Filing Your Return -> Business -> Making Payments to Canada Revenue AgencyMaking Payments To Canada Revenue AgencyMy PaymentCanada Revenue Agency (CRA) has an online payment service called My Payment, for individuals and businesses, through which payments can be made directly from their bank accounts to CRA. The service is available for many financial institutions. Payments which can be made include: CRA My Payment for Individuals
CRA My Payment for BusinessesRemittances can be made for payments on filing of returns, instalment payments, and other amounts owing for:
Non-Residents
Your payment information, including your CRA account number (SIN, BN, etc.), is entered in the CRA My Payment website, without having to log into "My Account" or "My Business Account". Once you have completed the information, you are transferred to the INTERAC® Online service, which then goes to the website of your banking institution. There, you log in and confirm payment, and are then taken back to CRA's My Payment website, which provides a printable record of the transaction. The only fee for using this service will be a transaction fee, if any, charged by your financial institution. When payments are made through this service, there is no provision for paying at a future date. The payment will be credited to your CRA account when it is made. If the payment is made on a weekend or statutory holiday, it will be credited to your account on the next business day. It may take one or two business days for the payment to be updated on your CRA account. Other Payment OptionsYou can also use online or telephone banking provided by your financial institution to pay your taxes, the same way you can pay other bills. With this method, it is usually possible to schedule your payment for a future date. CRA has other options for you to pay amounts online, including pre-authorized debit. See Make a Payment to the CRA below for the list of options. Taxes can also be paid in person at your financial institution in Canada, or by mail to CRA. TaxTips.ca ResourcesWhat if I Can't Afford to Pay the Tax I Owe? - Late Filing Penalties & Interest Canada Revenue Agency (CRA) ResourcesMy PaymentRequired tax instalments for individuals - requirements, calculation, due dates Paying your corporate income tax by instalments - requirements, special situations, due dates Unable to pay for individuals - contact CRA right away! Personal income tax debt collection - includes a payment arrangement calculator
Revised: November 20, 2024
|
Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved. See Reproduction of information from TaxTips.ca Facebook
| Twitter
| See What’s New, stay
connected with TaxTips.ca by RSS or Email |