What’s CRA direct deposit?
Canada’s tax company gives CRA direct deposit to deposit funds instantly into your checking account or credit score union account. The advantages for you: CRA direct deposit is quick, dependable and safe. It’s additionally an enormous time-saver—no extra paper cheques to deposit (or chase down, in the event that they get misplaced within the mail).
Most Canadian taxpayers already use CRA direct deposit. If you happen to don’t, learn on for particulars of set it up.
Which funds can I obtain with CRA direct deposit?
These are the funds accessible by CRA direct deposit:
Find out how to arrange direct deposit with CRA
You will have three choices for organising CRA direct deposit:
- By means of your CRA account: Log into your particular person CRA My Account. Choose “Profile” within the left-hand menu, then scroll right down to “Direct Deposit” and click on “Edit.” If you happen to don’t have an account but, right here’s arrange a CRA account.
- By means of your monetary establishment: CRA direct deposit is offered at most Canadian monetary establishments. Examine your financial institution’s or credit score union’s cellular app or on-line banking for directions.
- By mail: Full the Canada direct deposit enrolment type and mail it to the Receiver Basic for Canada. Observe that it may take as much as three months for varieties to be processed.
What about calling the CRA? As of March 24, 2025, Canadians can now not arrange CRA direct deposit by cellphone or EFILE (digital submitting).
Right here’s what you’ll have to have readily available to arrange direct deposit with the CRA:
- Your social insurance coverage quantity (SIN)
- Identify of your monetary establishment
- Your monetary establishment’s department/transit quantity
- Your monetary establishment account quantity
To search out the numbers, get one in every of your cheques (or obtain it out of your checking account). The transit quantity has 5 digits, the establishment quantity has three and the account quantity has seven.
What about different authorities advantages, like CPP direct deposit?
Different authorities advantages and pensions, such because the Canada Pension Plan (CPP), Outdated Age Safety (OAS) and employment insurance coverage (EI), aren’t administered by the CRA. You possibly can arrange direct deposit for these and different advantages by Service Canada, both once you apply for advantages, by your monetary establishment or by finishing the Canada direct deposit type and mailing it to the Receiver Basic for Canada. As talked about above, it may take as much as three months for varieties to be processed.
How do I modify my direct deposit data?
To replace direct deposit, comparable to altering your tackle or your banking data, notify the company or authorities division that points your funds. Some frequent funds are listed under; go to the Authorities of Canada web site for details about organising direct deposit for different authorities funds, comparable to pupil loans, Indigenous funds and grants, Canadian Authorities Annuities and extra.
