Paying the CRA just got easier

The CRA announced today how easy it is for individuals and businesses to make their tax payments on line using “My Payment” at the CRA portal.

The service lets individuals and businesses send payments electronically through a secure link with Canadian financial institutions who offer Interac® Online payment service. Currently, those institutions include the following: BMO Bank of Montreal, Scotiabank, TD Canada Trust, and RBC Royal Bank. This new service will be available on October 5, 2009.

Transactions completed through My Payment can contain several payments for a combination of both individual and business accounts at the CRA. Payments can be made from a personal or a corporate bank account at a participating financial institution.

For more information, download a copy of the CRA fact sheet on this service CRA My Payment

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