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Easy, breezy, beautiful CRA online payment option

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“How do I pay the CRA online?”

Even the Canada Revenue Agency (CRA) is in with the online!

Whether you have 2016 taxes owing or  you are a business owner who needs to settle a debt, handle it like a boss and pay the CRA to avoid late fees and any legal trouble.

Here are some ways you can pay the CRA, whether you are an individual or a business:

Online (Recommended)

The CRA prefers to receive electronic payments. It’s fast and easy! You can do it two ways:

  • Make a payment using your financial institution’s online banking services:

    • Sign in to your financial institution’s online banking service (RBC Royal BankTD Canada TrustVancity, etc). Bank with another financial institution? See the complete list of banks that can be used on the My Payment service here.
    • Under “Add a payee,” look for an option such as: CRA (revenue)-current year-tax return. CRA (revenue)-tax amount owing. CRA (revenue)-tax installment.
    • See other available options under “Add a payee” that are not listed above here.
    • Business: Specify payroll, GST, Corporate Tax
    • Account number for personal: SIN number
    • Account number for business: Business number
  • Pay via CRA’s My Payment service:

    •  The amount that you can pay will be restricted by your daily banking limit for online transactions
    • Click on “Start my Payment” here to make an electronic payment.

Offline payment methods:

  • In-person (at the bank): You cannot walk into the bank to pay without the remittance voucher. The CRA does not mail them our anymore to encourage people to take advantage of their speedy, secure online payment option.
    • We can provide all our existing clients with a remittance voucher  for their personal taxes which they need to take to their financial institution to pay.
  • Photocopy an old one that you have, or  call the CRA to request it mailed to you. The process takes more than 10 business days, and that might cause you incur late penalties.
  • Mail a personal cheque: In the memo, indicate account number (SIN for personal or business number for self-employed).  Attach a letter to let CRA know what you are paying.

For information about your account balance and payments, including installments, see My Business Account.

When completing your return, you may calculate a balance owing on line 485Your balance is due no later than April 30, 2017. When a due date falls on a Saturday, a Sunday, or a holiday recognized by the CRA, your payment will be considered on time if the CRA receives it or it is postmarked on the next business day.

Generally, if this amount is $2 or less for 2016, you do not have to make a payment.

If you owe tax for 2016, and you file your 2016 return after the filing due date, the CRA will charge a late-filing penalty.

They start charging compound daily interest on any outstanding balance for 2016 starting May 1, 2017, until you pay it in full.

If you can’t pay the full amount you owe, take action right away and call the CRA arrange a payment plan.

For a full list of payment options, go here.

Get in touch with us if you have any concerns here.