How to make online payments to the CRA?

If you are uncertain about making online payments to the CRA, don’t worry! This post will list down all the methods available for making online payments to the Canada Revenue Agency. Following are the methods of online payment accepted by the CRA:

  • Online banking (processing time is around 1-2 business days)
  • Interac Debit, Visa Debit, or Debit MasterCard using CRA My Payment (processing time is around 1-2 business days)
  • Pre-authorized debit (PAD) (processing time is around 5 business days)
  • Credit card, debit card, PayPal, or Interac e-Transfer (processing time varies based on service providers)
  • Wire transfer (processing time is around 3 business days)

The following online payment methods are NOT accepted by the CRA as of yet:

  • Crypto currency (Bitcoin etc.)
  • Gift Cards
  • Cash

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Pay Less Tax

A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.