In this day and age, waiting for cheques in the mail has become both bothersome and not safe. The CRA Direct Deposit service allows for payment, taxation benefits, and refunds to go directly into the bank account of the user. This not only improves the chances of on time payment, but it also eliminates the chances of cheques being lost and fraudulently used through theft of the postal service.
Who Can Register
Anyone from the age of 18 and above who is a taxpayer and holds a valid bank account in Canada is eligible to register. Whether you pay your taxes as an individual, run a small company, or work as a freelancer, you can enjoy the benefits of quicker and completely digital transactions.
| Step | Action | Where to Find |
|---|---|---|
| 1 | Log in to CRA My Account or the MyCRA mobile app | www.canada.ca/cra/my-account |
| 2 | Select “Direct deposit” under the Profile section | Side navigation menu |
| 3 | Click “Enroll for direct deposit” | Button under payment methods |
| 4 | Enter your institution, transit, and account numbers | On your bank statement or cheque |
| 5 | Verify the account information by reviewing the preview screen | On-screen summary |
| 6 | Submit and note the confirmation number for your records | Confirmation page |
What You’ll Need
Before completing the online registration on the Canada Revenue Agency website, you are required to have the following:
Social Insurance Number
Institution bank number
Transit bank number
Bank account number
Having this information prepares you and streamlines the procedure for completion, helping you in avoiding complications.
Stepwise Registration Process
Registering for Direct deposit with the Canada Revenue Agency (CRA) can be done in six simple steps and these steps are outlined along with the timeline and confirmation steps below.
Troubleshooting Common Issues
CRA aims to respond to requests within two to three business days, meaning your request should be processed and funds transferred within 3 days. Upon request, the confirmation number can be provided for further follow up, but supports the notion of the speed of service CRA offers. During this three day period, you’d get a confirmation on the screen, which then would be sent to the email provided, should you have opted for this feature.
If the requested thus if repayment is processed to be done within the scheduled 3 days and it has not been received by the intended account, provided the details have been entered stepwise and are correct, CRA service can be contacted for a follow up via the number 1-800-959-8281. It can be helpful to have the follow up confirmation number on hand to facilitate the fast resolution of the issue.
The Speed of Direct Deposit
It is no denying the fact that direct deposit boosts benefits received and also there is no denying the fact of the ease that stands of not having to physically receive the funds and deposit these at a bank enhances focus on other aspects. This ease of deposit and reduction of physical paperwork complements our approach to help Canada in becoming a greener place.
CRA aims to respond to requests within two to three business days, meaning your request should be processed and funds transferred within 3 days. Upon request, the confirmation number can be provided for further follow up, but supports the notion of the speed of service CRA offers. During this three day period, you’d get a confirmation on the screen, which then would be sent to the email provided, should you have opted for this feature. The confirmation email serves as a collateral of the speed of service that is on offer.
If the requested thus if repayment is processed to be done within the scheduled 3 days and it has not been received by the intended account, provided the details have been entered stepwise and are correct, CRA service can be contacted for a follow up via the number 1-800-959-8281. It can be helpful to have the follow up confirmation number on hand to facilitate the fast resolution of the issue. Once the glitches have been fixed on your account, having a direct deposit will no longer just eliminate frustrations, but will allow for a smoother process for the deposit of funds which will then allow you to centrally put the focus on your financial goals.