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:

  1. Google “CRA My Payment” or browse to: https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
  2. Under Start My Payment, click Pay now
  3. Under Businesses, select Corporation income tax (T2)
  4. Select Amount owing
  5. Enter your account number eg. (999888777RC0001) and the amount you want to pay
  6. Select the payment and click Confirm and proceed to pay
  7. Click Pay now
  8. Follow the steps through to your online banking to complete the payment
  9. 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:

  1. Google “CRA My Payment” or browse to: https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
  2. Under Start My Payment, click Pay now
  3. Under Businesses, select Corporation income tax (T2)
  4. Select Interim
  5. Enter your account number eg. (999888777RC0001) the period end date eg. (March 31, 2019), and the amount you want to pay
  6. Select the payment and click Confirm and proceed to pay
  7. Click Pay now
  8. Follow the steps through to your online banking to complete the payment
  9. 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:

  1. Google “CRA My Payment” or browse to: https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
  2. Under Start My Payment, click Pay now
  3. Under Businesses, select GST/HST
  4. Select Payment on filing
  5. Enter your account number (999888777RT0001), end of period eg. (2018-December-31) and the amount you want to pay
  6. Click Confirm and proceed to pay
  7. Click Pay now
  8. Follow the steps through to your online banking to complete the payment
  9. 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:

  1. Google “CRA My Payment” or browse to: https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
  2. Under Start My Payment, click Pay now
  3. Under Businesses, select GST/HST
  4. Select Interim
  5. Enter your account number eg. (999888777RT0001), the period end date eg. (December 31, 2019), and the amount you want to pay
  6. Click Confirm and proceed to pay
  7. Click Pay now
  8. Follow the steps through to your online banking to complete the payment
  9. 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
  • Under Start My Payment, 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:

  1. 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
  2. Under Start My Payment, click Pay now
  3. Under Individuals, select Individual income tax (T1)
  4. Select year: eg. 2019 – tax return
  5. Enter your Social Insurance Number and Amount
  6. Click Confirm and proceed to pay
  7. Click Pay now
  8. Follow the steps through to your online banking to complete the payment
  9. Keep the confirmation number for your records
How do I pay my personal tax installments online?

You can file and pay your payroll remittance using CRA’s online My Payment service. Most major financial institutions participate. In order to do this, complete the following steps:

  1. Go to CRA’s My Payment page here (or Google “CRA My Payment”):
  2. https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html
  3. Under Start My Payment, click Pay now
  4. Under Individuals, select Individual income tax (T1)
  5. Select Tax installment
  6. Enter your Social Insurance Number and Amount
  7. Click next, select the payment, and then click confirm and proceed to pay
  8. Click Pay now
  9. Follow the steps through to your online banking to complete the payment
  10. Keep the confirmation number for your records

Are there any questions that we haven’t covered in our FAQ section? If so, contact us with any questions you may have!

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