How to pay CRA

1. For both personal and business tax payments, you can use CRA My Payment. The benefits of this method include same-day processing with no delays and no fees. The requirements for this payment method are:
   • You must have a debit card from any bank in Canada.
   • The debit card must be a Visa Debit or Debit Mastercard.
   • How to check if your card qualifies:
     • Look for the Visa Debit or Debit Mastercard logo on your card.
     • Your debit card should have a 16-digit number, an expiry date, and a 3-digit CVV number, just like a credit card
   • Note that most business chequing accounts do not come with a Visa Debit or Debit Mastercard, so they cannot use this method to pay CRA.
2. For businesses paying RC/RT/RP taxes, we recommend using Tax Filing Services or opting for the pre-authorized debit method with the CRA.
   [JKtax]
3. For personal tax payments, residents can add CRA as a payee in their online banking and use their SIN as the account number.
   • Advantages: This method ensures your payment will go through.
     • The payment is not processed on the same day.
     • Most banks do not allow you to direct payments to a specific tax account with the CRA.Disadvantages:
4. If you don’t mind fees and potential delays in processing, both individuals and businesses can:
   • Pay in person at a bank, or
   • Use paysimply.ca with:
     • Credit cards (a 1% fee applies, which is relatively cost-effective)
     • UnionPay cards
     • PayPal
     • Alipay
     • To gerate a QR code to pay at a Canada Post office

Finally, if you are unable to make the payment yourself, our firm offers a “fee-based payment service” to our regular tax clients. Please contact our office for more details.