- If you have taxes owing to the CRA, or are interested in setting up tax instalments because you are self-employed, the CRA allows you to pay your taxes online simply and efficiently. As the tax deadline approaches on April 30th, ensure that any taxes owing to the CRA are paid by the April 30th deadline. You can make your online payment using any of the below methods:
Online Banking
Many people use online banking to pay their monthly bills and expenses, and your taxes are no different! Simply visit your online bank account to add the CRA as a payee (CRA), there are 3 options that should be available:
- CRA (revenue) – current-year tax return: Use this to make a payment for your current tax year.
- CRA (revenue) – tax amount owing: Use this to make a payment for an amount owing for previous tax years.
- CRA (revenue) – tax instalment: Use this to make payments for future tax year(s).
You will then be prompted to enter your account number, this is your social insurance number. Now you are ready to make a payment. Most Canadian financial institutions are set up for online banking with the CRA, you can find a full list here.
Pre-Authorized Debit
You may authorize the CRA to withdraw funds from your account to pay any taxes owing or to set up instalments to be withdrawn automatically. To set up a pre-authorized debit, you will need CRA My Account or My Business Account. From here, you are able to set up automatic payments from your bank account to the CRA for a pre-scheduled date, or pay your overdue balance on the spot.
Important note: It takes five business days to process additions or changes to your pre-authorized debit profile. If you owe tax immediately but need to make a change to your pre-authorized debit, you may want to select an alternative payment option.
If you do not have a CRA My Account, you will have to register by following the instructions here.
Interac, Visa Debit and Debit MasterCard
If you have Visa Debit, Debit MasterCard or Interac, you may use the CRA’s My Payment service to pay your taxes online directly to the CRA. You cannot use credit cards with My Payment.
Credit Card, PayPal and Interac e-Transfer
The CRA does not directly accept credit card, PayPal or e-Transfer payments, however, you can use a third-party service provider that offer payment by credit card, PayPal, or Interac e-Transfer. The third-party service provider will send your individual or business payment and remittance details online to the CRA for you:
- PaySimply accepts Visa, MasterCard, Amex, Union Pay, PayPal, and Interac e-Transfer
Note: Third-party service providers charge a fee for their services.
Avoid late fees
No matter which payment method you use, make sure the CRA receives your payment by the due date.