Income Tax Filing Scarborough

CRA’s Online Services to Facilitate Online Tax Return Filing

Internet has made everything easy. From ordering pizza to booking flights, you can do everything from the convenience of your home. So why shouldn’t your tax return filing be that easy?

That’s exactly what CRA thinks, resulting in them offering their online services for hassle free and easy tax payment. But not everybody is familiar with online services offered by CRA.

ZRPC, the best personal and corporation tax consultation firm in Scarborough, tells about the CRA’s online services that’ll make personal and corporation tax filing definitely easy for you.

My Account Service

My Account service is great for personal income tax filing. With your CRA My Account, you can:

•          View your benefit and credit payment amounts and dates;
•          View your notice of assessment;
•          Change address, direct deposit information, and marital status;
•          Sign up for account alerts though email;
•          Check your TFSA contribution room and RRSP deduction limit;
•          Check the status of your tax return;
•           Request your proof of income statement (option “c” print);  
•           Link your CRA my account with my service Canada account.

You can get all the information you need about how to register with My Account by visiting the link canada.ca/my-cra-account.

Business Tax Payment

Not just for personal income tax filing, CRA has something for businesses as well. CRA’s online services can be used by businessmen across Canada in a number of ways such as:

•          View account balance and transactions;
•     Through a pre-authorized debit agreement set-up in My Business Account or My Payment Service, businessmen can make direct payments to CRA;
•       File current financial year’s return while you can view status of previously filed returns and  even amend returns online;
•          Document submission to CRA;
•          Authorize a representative for online access to your business accounts;
•          Get mail from CRA directly in your My Business Account upon registration;
•          Change addresses;
•          Manage direct deposit information;
•          Submit account and audit related enquiries and view answers to common enquiries;
•          Add multiple businesses to your account;
•          Payment transfer and balance update;
•          Future balance calculation;

For more information regarding My Business Account, visit the link canada.ca/taxes-business-online.

Withdrawal of a pre-determined amount

You can allow CRA to withdraw a pre-determined amount from your bank account through Pre-Authorized Debit (PAD) which is a flexible online payment option. This is to facilitate tax payment on a particular date/s. PAD agreement can be set up through CRA’s secure My Business Account service.

These are the three key online services offered by CRA to make tax payment and tax return filing easy for Canadian Taxpayers. For more information, contact ZRPC, the leading personal and corporation income tax return consultation firm in Scarborough.