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How Do I Pay for My Taxes Owing?
How Do I Pay for My Taxes Owing?

If you owe taxes to the CRA, pay on time to avoid penalties and interest. Here’s how to make your payment efficiently.

Samuel Jones avatar
Written by Samuel Jones
Updated over a month ago

1. Pay Online Through Your Bank

  • Log in to your online banking account.

  • Add the CRA as a payee (look for “CRA (revenue)” or “Canada Revenue Agency – Tax Owing”).

  • Use your Social Insurance Number (SIN) or a CRA-provided account number as the reference number.

  • Confirm the payment amount and submit.

2. Pay Through MyCRA Account

  • Log in to your CRA My Account.

  • Choose the “Make a Payment” option.

  • Use CRA’s My Payment service, which allows direct payment via debit card or pre-authorized debit.

3. Pre-Authorized Debit

  • Set up a pre-authorized debit in your CRA My Account to automatically withdraw the owed amount from your bank account on a specific date.

  • This is useful for one-time payments or setting up installment plans.

4. Pay at Your Bank or Financial Institution

  • Request a remittance voucher from the CRA or print one from your CRA My Account.

  • Visit your bank or financial institution to make a payment in person.

  • Ensure the voucher accompanies your payment for accurate processing.

5. Pay with a Credit Card, PayPal, or Interac e-Transfer

  • Use a third-party service provider, such as Plastiq, to pay with a credit card or PayPal.

  • Note that third-party services charge fees for processing payments.

6. Pay by Cheque or Money Order

  • Write a cheque or money order payable to the Receiver General for Canada.

  • Include your Social Insurance Number (SIN) or CRA account number on the cheque/money order.

  • Mail the payment along with a remittance voucher to the address provided by the CRA.

7. Set Up a Payment Plan

  • If you can’t pay the full amount owing, contact the CRA to discuss a payment arrangement.

  • The CRA allows installment payments to help you manage your debt, but interest will continue to accrue on unpaid amounts.

Important Notes

  • Deadlines: Payment is due by April 30 of the following year for most taxpayers. Late payments incur interest charges.

  • Verify Your Payment: Check your CRA My Account to confirm that your payment was received and applied to your account.

Why This Matters

Paying your taxes on time helps you avoid penalties and interest, ensuring you remain in good standing with the CRA.

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