Direct deposit for businesses – Payments the CRA sends you

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https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/direct-deposit/business.html

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Payments the CRA sends you

Payments the CRA sends you - Direct deposit for businesses

If you have a Canadian bank account and expect to receive payments for your business from the CRA, you can sign up for direct deposit.

You will need:

  • The proper authority to makes requests on behalf of the business: usually an owner, partner, director or an individual with delegated authority
  • To find your banking information at the bottom of your business cheques If your business doesn't use cheques

    If your business doesn't use cheques, there are other ways to find your company's banking information:

    • Log in to your company's online banking
    • Visit your company's bank and request a printed copy of the account information

  • A 15-digit CRA program account number from an eligible program account, depending on how you are signing up:

    • Online: Option 1

      • RT – GST/HST
      • RP – Payroll deductions
      • RC – Corporation income tax
      • ZA – Canada Emergency Rent Subsidy (CERS)
      • RZ – Information returns
      • LT – Luxury tax
      • RU – Underused housing tax

    • Through your Canadian bank or credit union: Option 2

      Any program account

Ways to update your direct deposit information

Online

Do not close your old bank account until your first payment has been deposited to your new bank account

Sign up for direct deposit or manage your information using My Business Account.

CRA My Business Account

  1. Sign in
  2. Select Profile
  3. Scroll to Direct deposit
  4. Select Manage direct deposit
  5. Update your direct deposit information

If you can't sign in to My Business Account

If your phone number has changed and you can't receive your multi-factor authentication (MFA) passcode to sign in, you will have to update your information through your Canadian bank or credit union.

For more help with My Business Account, go to: Help with using My Business Account

Through your Canadian bank or credit union

Do not close your old bank account until your first payment has been deposited to your new bank account

You can sign up for direct deposit or change your account information through many Canadian banks, credit unions, and trust companies. Once you provide consent through one of these financial institutions, your CRA direct deposit information will be updated the next business day. Visit your bank or credit union's website for information on how to sign up.

The CRA may contact you by phone to confirm information. If you have questions about a call you receive, visit: Recognize a scam

Choose your Canadian bank or credit union

Your banking information and your privacy

Banking information privacy notice for businesses

Personal information, including banking information, is collected under section 220 of the Income Tax Act and section 275 of the Excise Tax Act. The Canada Revenue Agency (CRA) uses the information for direct deposit purposes only.

The information is described in personal information bank CRA PPU 047 - Business Returns and Payment Processing in the Canada Revenue Agency chapter of Information about Programs and Information Holdings. Personal information is protected under the Privacy Act and individuals have a right of access to, and correction or notation of, their personal information. Further details about requests for personal information at the CRA and our Information about Programs and Information Holdings chapter can be found at Access to information and privacy at the Canada Revenue Agency.


Update other information

Change your other business details with the CRA, including your contact information, owners, partners or directors, or your operating name:

Changes to your business and CRA program accounts


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Date modified:
2024-10-02