Posted on January 11th, 2018 in Business Support Services, Domestic Tax, General Business

How to Make a Payment with Canada Revenue Agency

How to make a payment with Canada Revenue Agency

Pay by Online Banking

Make a payment to the CRA through online banking, the same way you pay your phone or hydro bill.

  • Sign in to your financial institution’s online business banking service.
  • Under “Add a payee,” look for an option such as:
    • Federal – Corporation Tax Payments – TXINS
    • Federal – GST/HST Payment – GST-P (GST-P)
    • Federal Payroll Deductions – Regular/Quarterly – EMPTX – (PD7A)
    • Federal Payroll Deductions – Threshold 1 – EMPTX – (PD7A)
    • Federal Payroll Deductions – Threshold 2 – EMPTX – (PD7A)
  • Enter your 15 digit business number as your CRA account number.

You are responsible for any fees that may be charged by your financial institution.

Pay by Debit Card – My Payment

Make a payment with your Visa® Debit, Debit MasterCard®, or Interac® Online debit card.

My Payment is an electronic payment service offered by the CRA that uses Visa® Debit, Debit MasterCard® or Interac® Online for businesses to make payments directly to the CRA using their bank access cards.  The CRA does not charge a fee for using the My Payment service.  Debit Mastercard is now accepted.  Credit Cards not accepted with this service.

To use My Payment you need a card with a Visa debit logo, a Debit MasterCard logo, and/or an Interac Online logo from a participating Canadian financial institution.

If your bank access card has both a Visa Debit logo and an Interac logo, use the Visa Debit option to pay.

If your bank access card has both a Debit MasterCard logo and an Interac logo, use the Debit MasterCard option to pay.

Before you start ask your financial institution about your daily or weekly transaction limit and any fees for making online payments.

https://apps.cra-arc.gc.ca/ebci/fppp/mypymnt/pub/ntr.action?request_locale=en_CA

Pay at your Canadian Financial Institution

Make a payment at your Canadian financial institution.

To make a payment at your Canadian financial institution, you need a personalized remittance voucher. Financial institutions will not accept photocopies of remittance vouchers or payment forms.

You can make a payment in foreign funds.  The exchange rate you receive for converting the payment to Canadian dollars is determined by the financial institution handling your transaction on that day.

You are responsible for any fees that are incurred.

You have to make arrangements with your financial institution when you make a payment of more than $25 million.

Be sure to provide accurate information to help the Canada Revenue Agency apply your payment to the intended account.  A personalized remittance voucher will help CRA apply your payment properly.  You can request personalized remittance vouchers online or by phone.

Pay by Mail

You can also mail your payment to the CRA.  Send your cheque or money order (payable to the Receiver General), along with your remittance voucher to your local Tax Service Office.

Pay by Pre-Authorized Debit

Set up a pre-authorized debit agreement and eliminate the need for postdated cheques.

Pre-authorized debit (PAD) is a secure, online, self-service payment option for individuals and businesses. This option lets you set the payment amount you authorize the Canada Revenue Agency (CRA) to withdraw from your Canadian chequing account to pay your taxes on a date, or dates, you choose.

Due to the processes that must take place between the CRA and the financial institution, the taxpayer’s selected payment date must be at least five-business-days from the date their PAD agreement is created or managed.  See Federal holidays for a list of non-business days.

There is a ‘pay by pre-authorized debit’ option through GST/HST netfile available for an amount owing.

A PAD agreement can only be done online and not over the phone.

Steps to create a Pre-authorized debit agreement for businesses

To create a PAD you have to be registered for My Business Account.  Click on ‘CRA register’ or ‘Continue to Sign-In Partner’ and complete the steps.  Once completed, your official access code will be sent to you by mail.  Once you enter the access code into My Business Account you will have full access, which allows you to view, create, modify, cancel, or skip a payment.

This option is not designed to be used frequently due to the limitations on payments and the fees involved.

Pay by Cash or Debit Card

Make a payment with cash or debit in person at any Canada Post outlet.

You can pay your Individual tax, Benefits and credits repayments, Part XIII – non-resident withholding tax, source deductions, T2 corporation tax, or GST/HST payments to the Canada Revenue Agency (CRA) in person with cash or debit card at any Canada Post outlet across Canada for a fee.  To do so you will need a self-generated quick response (QR) code.  This QR code will be personalized by you and will contain information that will allow the CRA to credit your account.  Canada Post uses a third party service provider to generate and process the QR code.  The QR code looks like this:

To create your QR code, see the link below*.  It is a simple two-step process.  On this site you will be asked to select the tax type you want to pay, your social insurance number or account number, your name, and the amount you want to pay.  A service fee will be charged based on the amount of the payment and displays when creating the QR code.

*Visit link here to generate your QR code: – https://www.payinperson.ca/cra

When you have completed the required fields, press ‘Continue’ to select where you want your QR code to display.  The choices are:  Send to Email; Send to Mobile or print at Home.  You can choose any or all of these options.  If you choose Send by Email, you will need to enter your email address.  If you choose Send to Mobile, you will need to enter your 10-digit Mobile Number.  If you choose print at home, a print icon will display.

Be sure to bring your phone or printed QR code to any Canada Post outlet to make a payment.  The clerk will scan your QR code and ask you how much you want to pay.  The amount you initially entered is for your reference only and is not displayed to the clerk.  The clerk does not see any CRA account information. The clerk will key in the amount you want to pay, add the service fee and accept payment by cash or debit card.  The clerk will then give you a paper receipt with the amount paid and reference number for your files.

Pay by Credit Card

Make a payment with a credit card by using a service provider

You can use a third-party service provider that offers payment by credit card.  The third-party service provider will send your business or individual payment and remittance details online to the Canada Revenue Agency (CRA) for you.  Third-party service providers charge a fee for their services.

Third-party service providers – https://www.plastiq.com/cra

Ensure that you set up your payment well in advance of your payment’s due date as payment delivery is not immediate, and is determined by the third party service provider that is used.

Pay by a Service Provider

Make a payment to the CRA by using a service provider.

You may be able to make a payment through a service provider who will send your business or individual payment and remittance details online to the Canada Revenue Agency (CRA).

Third-party service providers

Below is a list of third-party service providers listed.  The payment service offered by each company is noted in brackets.  Third-party providers charge a fee for their service.

Ensure that you set up your payment well in advance of your payment’s due date as payment delivery is not immediate, and is determined by the third party service provider that is used.

Pay by Wire Transfer for Non-Residents

Non-residents who do not have a Canadian bank account can make payments to the Canada Revenue Agency (CRA) by wire transfer.

Wire transfers for submitting your non-resident GST/HST security deposit are not available at this time.

What you need to know

All wire transfers must be in Canadian dollars.

The Bank of Nova Scotia does not deduct any fees before forwarding the payment to the Canada Revenue Agency.  Your financial institution may have standard charges that apply to wire transfer payments.  Make sure that your financial institution does not deduct the wire transfer fee from the total payment amount due as this will result in an underpayment.

Wire details

You will need the following information to transfer funds to the CRA’s account:

Name of banking institution:
The Bank of Nova Scotia
Toronto Business Services Centre
40 King Street West
Toronto, Ontario
Canada M5H 1H1

 

SWIFT: NOSCCATT
Bank number: 002
Transit number: 47696
Canadian Clearing Code/Routing Code: //CC000247696
Beneficiary name: The Receiver General for Canada
Beneficiary account number: 476961134515
Description field: Authorization number: 122-22715
Charges field: OUR

To avoid processing delays include the following information with your wire transfer:

For Businesses:

  • business number
  • business name
  • period end date
  • fiscal year
  • return/remittance
    • Provide a copy of your tax remittance or GST/HST return/remittance by fax to the CRA:
    • Attention: Revenue Processing Section
    • Fax: 204-983-0924

Avoid late fees

You are responsible for making sure the CRA receives your payment by the payment due date. If you are using a third-party service provider, you must clearly understand the terms and conditions of the services you are using.