Accounting FAQ
Frequently Asked Questions
How do I pay my corporate taxes owing online?
You can pay your corporate tax balance through your online banking. Most major financial institutions participate. In order to do this, complete the following steps:
- Google “CRA My Payment” or browse to: https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
- Click Pay now
- Under Businesses, select Corporation income tax (T2)
- Select Amount owing
- Enter your account number eg. (999888777RC0001) and the amount you want to pay
- Select the payment and click Confirm and proceed to pay
- Click Pay now
- Follow the steps through to your online banking to complete the payment
- Keep the confirmation number for your records
How do I pay my corporate tax instalments online?
You can pay your Corporate tax instalments through your online banking. Most major financial institutions participate. In order to do this, complete the following steps:
- Google “CRA My Payment” or browse to: https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
- Click Pay now
- Under Businesses, select Corporation income tax (T2)
- Select Interim
- Enter your account number eg. (999888777RC0001) the period end date eg. (March 31, 2019), and the amount you want to pay
- Select the payment and click Confirm and proceed to pay
- Click Pay now
- Follow the steps through to your online banking to complete the payment
- Keep the confirmation number for your records
How do I pay my GST owing online?
You can pay your GST balance through your online banking. Most major financial institutions participate. In order to do this, complete the following steps:
- Google “CRA My Payment” or browse to: https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
- Click Pay now
- Under Businesses, select GST/HST
- Select Payment on filing
- Enter your account number (999888777RT0001), end of period eg. (2018-December-31) and the amount you want to pay
- Click Confirm and proceed to pay
- Click Pay now
- Follow the steps through to your online banking to complete the payment
- Keep the confirmation number for your records
How do I pay my GST instalments online?
You can pay your GST instalments through your online banking. Most major financial institutions participate. In order to do this, complete the following steps:
- Google “CRA My Payment” or browse to: https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
- Click Pay now
- Under Businesses, select GST/HST
- Select Interim
- Enter your account number eg. (999888777RT0001), the period end date eg. (December 31, 2019), and the amount you want to pay
- Click Confirm and proceed to pay
- Click Pay now
- Follow the steps through to your online banking to complete the payment
- Keep the confirmation number for your records
How do I pay my payroll remittances online?
You can pay and file your payroll remittance online. Most major financial institutions participate. In order to do this, complete the following steps:
- Google “CRA My Payment” or browse to: https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
- Click Pay now
- Under Businesses, select Payroll source deductions
- Select Regular remittance
- Enter your account number eg. (999888777RP0001), gross payroll ($X,000), number of employees, the period end date eg. (June 2019), and the amount you want to pay, then click Next
- Select the payment and click Confirm and proceed to pay
- Click Pay now
- Follow the steps through to your online banking to complete the payment
- Keep the confirmation number for your records
How do I pay my personal taxes owing online?
You can pay your personal taxes using CRA’s online My Payment service. Most major financial institutions participate. In order to do this, complete the following steps:
- Go to CRA’s My Payment page here (or Google “CRA My Payment”): https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
- Click Pay now
- Under Individuals, select Individual income tax (T1)
- Select year: eg. 2019 – tax return
- Enter your Social Insurance Number and Amount
- Click Confirm and proceed to pay
- Click Pay now
- Follow the steps through to your online banking to complete the payment
- Keep the confirmation number for your records
How do I pay my personal tax instalments online?
You can pay your personal tax instalments using CRA’s online My Payment service. Most major financial institutions participate. In order to do this, complete the following steps:
- Go to CRA’s My Payment page here (or Google “CRA My Payment”):
- https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
- Click Pay now
- Under Individuals, select Individual income tax (T1)
- Select Tax installment
- Enter your Social Insurance Number and Amount
- Click next, select the payment, and then click confirm and proceed to pay
- Click Pay now
- Follow the steps through to your online banking to complete the payment
- Keep the confirmation number for your records
How do I pay my WorkSafeBC premiums online?
You can pay your WorkSafeBC premiums online by following these simple steps:
- Google “WorkSafeBC Fast File & Pay” or browse to: https://asmtreport.online.worksafebc.com/fastfile?_ga=2.176384421.1487565360.1611092985-1982041973.1605890550
- Enter your WorkSafeBC account number (do not enter anything in the “Payroll report ID” box)
- Click “Make a payment”
- Enter the payment amount and click Continue
- Enter your credit card details to make the payment and save the confirmation page for your records
How to verify if a call from CRA is fraudulent?
You can pay your WorkSafeBC premiums online by following these simple steps:
- Tell the caller you want to verify their identity.
- Ask for, and note the caller’s name, agent ID number, phone number, and office location.
- Do not provide any information and tell them you will call them back.
- Look for the phone number provided by the caller on CRA’s website. Call the official CRA website to confirm the call was legitimate. If yes.
- Call the CRA employee back to discuss the reason for the call.
Red flags that suggest the person contacting you is a scammer include (but are not limited to):
- The inability to provide you with proof of working for the CRA, such as name and an office location.
- The caller is pressuring you to act now.
- The caller is asking you to pay with gift cards, cryptocurrency or some other unusual manner.
- The caller is asking for information you would not include on your tax return or that is not related to money you owe the CRA, such as a credit card number.
- The caller is recommending that you apply for benefits. Canadians can apply for benefits directly on Government of Canada websites or by phone. Do not provide information to callers offering to apply for benefits on your behalf!
Are there any questions that we haven’t covered in our FAQ section? If so, contact us with any questions you may have!