If the due date falls on a weekend, then the payment is due the following business day. If you do not have an original remittance form, you can order them online with CRA however it will take a few days to receive them in the mail.ĬRA considers you have made your payment on the day that it is received by CRA or it is processed at any financial institution (ATM and online payments may not be processed the same day) and not on the day you mail it or authorize it. A photocopy of a remittance form will NOT be accepted at the bank. You need to ensure you have the original remittance form appropriate for the payment you are making as well.
Pay at Bank – If you are preparing a cheque to take to your financial institution, businesses should ensure to indicate their business number, period end date and the fiscal year the payment should be applied to on the face of the cheque. So no need to worry about remitting this payment as the payroll company does it for you. You have to be using a payroll company such as Ceridian or ADP to process your payroll and then they send your payroll remittance for you to CRA on time. Third-Party Providers – This is particularly a great feature for payroll. This is not recommended as you have no control over the payments once it is set up and CRA then has your banking information. Pre-authorized Debit – This feature lets you set up a payment to be made from your bank account to CRA on a pre-set date. If you do not bank with these institutions, you cannot use “My Payment”. However you need to bank with one of the following institutions, Bank of Montreal, Scotiabank, Royal Bank, TD Canada Trust, Envision Financial or Libro Credit Union and have this set up with your online banking. Debit Card – A quick and easy way to pay these balances on the CRA website.is to use “My Payment”. Make sure you correctly identify the type of account, your business number and reporting period when making the payment. Most financial institutions will allow you to set up CRA as a payee. Online – You can make your payment using your online banking. Paying your corporate GST, payroll and taxes on time is essential to avoid any penalties and interest for late payment. In addition, you can also pay at your bank or mail in your payment to CRA. You can make a payment to CRA by online banking, debit card, pre-authorized debit or a third-party service provider (i.e. How can I make my corporate payments to Canada Revenue Agency (CRA)? Facts:
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