The CRA’s New “My Payment” Service

Did you know that you can quickly and securely send a payment to the Canada Revenue Agency (CRA) from your bank account?

The CRA’s new My Payment service simplifies the process of making a payment to the CRA. This service can help anyone-from a business submitting its goods and services tax/harmonized sales tax (GST/HST) instalments, to an individual making a payment toward a personal income tax amount owing. Now you can click your way to instantaneous payments-no more accounting for outstanding cheques, no more concerns over mailing time. This is an instant and immediate payment!

My Payment is provided through the Interac^® Online service and is currently available to account holders with the BMO Bank of Montreal, Scotiabank, RBC Royal Bank, and TD Canada Trust.

Businesses can use My Payment to send the following remittances:

• GST/HST;
• Payroll Source Deductions;
• Corporation Income Tax;
• Excise Duty;
• Excise Tax;
• Air Traveller’s Security Charge;
• Tax on Insurance Premiums
• Softwood Lumber Products Export Charge;
• Nova Scotia Worker’s Compensation Board.

For more information, please view here Canada Revenue Agency