How to Make Tax Payments to the Canada Revenue Agency (CRA)
To make a payment to the Canada Revenue Agency (“CRA”) for taxes, you can use one of the following methods:
· Online Banking: You can use your financial institution’s online banking service to make a payment to the CRA. Simply add the CRA as a payee and select the type of tax you’re paying.
· My Payment: CRA’s “My Payment” service is a secure and convenient way to make payments directly to the CRA using your credit card or debit card. To use this service, you’ll need to have your social insurance number (SIN) or business number (BN). The My Payment option can be accessed from CRA’s website online.
· Pre-authorized debit: You can set up pre-authorized debit payments through your financial institution’s online banking or by completing the CRA’s authorization form.
· Mail: You can also make a payment by mailing a cheque to the CRA. Be sure to include your remittance voucher (and include your SIN or BN in the memo line of the cheque) with your payment and allow enough time for your payment to arrive and be processed.
· In-person: If you prefer to make a payment in person, you can do so at a Canadian financial institution that offers the Interac e-Transfer service.
It’s important to note that the deadline for making a payment to the CRA depends on the type of tax you’re paying and your payment method. Be sure to check the CRA’s website for more information on payment deadlines and methods.