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- Log into your CRA My Account and click on the Accounts & Payments tab. From the page that appears, choose the Direct Deposit link and follow the posted instructions. You will need to provide your financial institution’s code, your branch number, and your account number, all of which can be found on a personal cheque.
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How does Direct Deposit Work?
Sep 25, 2024 · With direct deposit, you receive your tax refunds and benefit payments faster and securely, directly in your account at a Canadian bank or credit union. In the event of an emergency or unforeseen circumstance, using direct deposit will ensure you continue to get your payments on time.
Direct deposit for individuals. If you have a Canadian bank account, you can sign up for direct deposit to receive your payments from the CRA. You will need to find your banking information at the bottom of your personal cheques or in your online banking portal.
Direct deposit help page. Arrange my direct deposit allows you to start, stop, or update your direct deposit information with the Canada Revenue Agency (CRA). Note: The CRA will not share direct deposit information with Employment and Social Development Canada (ESDC).
Online or by phone: You can sign up online on the Canada Revenue Agency My Account site at canada.ca/my-cra-account or by phone at 1-800-959-8281 for the following payments: Income Tax Refund. Goods and services tax/Harmonized sales tax (GST/HST) Credit. Canada Child Benefit.
Follow the on-screen instructions. From Accounts Summary, select the account you’d like to receive direct deposits for. Click Set Up Direct Deposit with Canada Revenue Agency, under the Security and Account Management section on the right of the page. Standard message rates may apply.
With direct deposit, you'll get faster access to your money. Funds will be deposited directly into your account securely and reliably. You do not need to call or visit your local branch or stop by an ATM to deposit a cheque. Sign up now to receive your Canada Revenue Agency (CRA) payments via direct deposit, including:
Direct deposit for personal taxes, benefits or refunds. You can get these CRA payments by direct deposit if you have a Canadian bank account: income tax refund; GST/HST credit and any similar provincial and territorial payments; Canada child benefit and any similar provincial and territorial payments; working income tax benefit; deemed ...
