What’s CRA direct deposit?
Canada’s tax company presents CRA direct deposit to deposit funds straight into your checking account or credit score union account. The advantages for you: CRA direct deposit is quick, dependable and safe. It’s additionally a giant 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 the best way to set it up.
Which funds can I obtain with CRA direct deposit?
These are the funds obtainable by means of CRA direct deposit:
The right way to arrange direct deposit with CRA
You’ve got 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 all the way down to “Direct Deposit” and click on “Edit.” If you happen to don’t have an account but, right here’s how to set up a CRA account.
- By means of your monetary establishment: CRA direct deposit is out there at most Canadian monetary establishments. Verify your financial institution’s or credit score union’s cell app or on-line banking for directions.
- By mail: Full the Canada direct deposit enrolment form and mail it to the Receiver Basic for Canada. Observe that it could take as much as three months for varieties to be processed.
What about calling the CRA? As of March 24, 2025, Canadians can not arrange CRA direct deposit by cellphone or EFILE (digital submitting).
Right here’s what you’ll have to have available to arrange direct deposit with the CRA:
- Your social insurance coverage quantity (SIN)
- Title of your monetary establishment
- Your monetary establishment’s department/transit quantity
- Your monetary establishment account quantity
To search out the numbers, get one among 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), Old Age Security (OAS) and employment insurance coverage (EI), aren’t administered by the CRA. You may arrange direct deposit for these and different advantages by means of Service Canada, both if you apply for advantages, by means of your monetary establishment or by finishing the Canada direct deposit form and mailing it to the Receiver Basic for Canada. As talked about above, it could 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 widespread funds are listed under; go to the Government 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.