My Business account: pay online and improve your bottom line!

My business Account

With My Business Account, you can choose to make your tax payments online directly from your bank using the pre-authorized debit (PAD) service. Stop worrying about forgotten instalment deadlines and being charged for late payments. You choose the bank account, the amount of the payment, and the specific date or dates. The service puts you in complete control.

Here’s how to get started:

• If you are already registered with My Business Account, set up a PAD a minimum of five business days before your payment deadline.
• If you are not already registered with My Business Account, you will need to register first and allow five to 10 business days for your security code to arrive in the mail. Then you can access it and set up a PAD.
• Once you have set up a payment, you can change it up until five business days before the payment date.

The PAD system is secure and the Canada Revenue Agency (CRA) only makes withdrawals that you have authorized. Your online payments are as official as any paper record, each one is confirmed right away – and the CRA does not charge a fee for the service.

Start using pre-authorized debit to save time for what really matters—your business. For more information, watch our video No more cheques: Pay your business taxes online, and visit www.Canada.ca/payments.