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Direct Deposit of Payments from Canada Revenue Agency

Direct Deposit

Sit back and get your tax payments directly deposited in your Bank Account. The Government of Canada will increase the use of direct deposit by phasing out federal government cheques by April 2016.

  • Why Choose Direct Deposit: It is convenient, Reliable, Secure and Low Cost method of payment

  • Myth v. Fact:Myth: When I sign up for direct deposit and give my banking information, the Canada Revenue Agency (CRA) can also use this information to take any money I may owe from my bank account.Fact: If you owe money to the CRA, giving your banking information will not trigger the process of withdrawing money from your bank account. When you register for direct deposit, you do not authorize the CRA to withdraw money from your bank account. When a taxpayer owes money to the CRA and must make payments, the CRA works with the taxpayer to come to an agreement. The CRA can only withdraw money from a taxpayer’s account when a garnishment is in place. A garnishment is a legal procedure to withdraw money from a bank account.

  • If you are moving: Intimate CRA your new address as soon as possibleOtherwise, your payments may stop, whether you receive them by cheque or direct deposit

  • If your Bank Account is changed: Tell CRA about your new bank account. In addition, do not close the old bank account before CRA deposit the payment into the new bank account which is expected to be received.

Register for Direct Deposit:

Individuals

Only one form to fill out and you’re done! The government will deposit all payments from different federal departments directly into your bank account.

Online

If you are registered for My Account, you can sign up for direct deposit immediately. If you are not yet registered, find out how using My Account can help you quickly and easily manage your tax affairs online.

By mail

Follow these two easy steps to sign up for direct deposit:

  1. Fill out the Direct Deposit Enrolment Form; and
  2. Mail it to the address indicated on the form.

By phone

To sign up for direct deposit, or change your banking information, call CRA on 1-800-959-8281.

Follow these two easy steps to sign up for direct deposit:

  1. Fill out RC366, Direct Deposit Request for Businesses; and
  2. Mail it to one of the tax centres.

For questions about direct deposit, call CRA on 1-800-959-5525

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