Payments the CRA sends you - Direct deposit for businesses
If you have a Canadian bank account and expect to receive payments for your business from the CRA, you can sign up for direct deposit.
You will need:
- The proper authority to makes requests on behalf of the business: usually an owner, partner, director or an individual with delegated authority
- To find your banking information at the bottom of your business cheques
If your business doesn't use cheques
If your business doesn't use cheques, there are other ways to find your company's banking information:
- Log in to your company's online banking
- Visit your company's bank and request a printed copy of the account information
- A 15-digit CRA program account number from an eligible program account, depending on how you are signing up:
-
Online: Option 1
- RT – GST/HST
- RP – Payroll deductions
- RC – Corporation income tax
- ZA – Canada Emergency Rent Subsidy (CERS)
- RZ – Information returns
- LT – Luxury tax
- RU – Underused housing tax
-
Through your Canadian bank or credit union: Option 2
Any program account
-
Ways to update your direct deposit information
Online
Do not close your old bank account until your first payment has been deposited to your new bank account
Sign up for direct deposit or manage your information using your CRA account.
- Sign in to your CRA account
- Select your Business account to access My Business Account
- Select Profile
- Scroll to Direct deposit
- Select Manage direct deposit
- Update your direct deposit information
If you can't sign in to your CRA account
If your phone number has changed and you can't receive your multi-factor authentication (MFA) passcode to sign in, you will have to update your information through your Canadian bank or credit union.
For more help with your CRA account, go to: Help with using your CRA account
Through your Canadian bank or credit union
Do not close your old bank account until your first payment has been deposited to your new bank account
You can sign up for direct deposit or change your account information through many Canadian banks, credit unions, and trust companies. Once you provide consent through one of these financial institutions, your CRA direct deposit information will be updated the next business day. Visit your bank or credit union's website for information on how to sign up.
The CRA may contact you by phone to confirm information. If you have questions about a call you receive, visit: Recognize a scam
Choose your Canadian bank or credit union
Banks (businesses)
- ATB Financial
- BMO Online Banking Bank of Montreal or BMO Online Banking for Business Bank of Montreal
- Canadian Western Bank CWB Financial Group
- CIBC online banking Canadian Imperial Bank of Commerce or CIBC Cash Management Online Canadian Imperial Bank of Commerce
- First Nations Bank
- First West Credit Union
- ICICI Bank Canada
- KEB Hana Bank Canada
- RBC Royal Bank of Canada
- Scotiabank Bank of Nova Scotia
- TD Canada Trust Toronto-Dominion Bank TD Bank
Credit unions and trust companies (businesses)
- Access Credit Union
- Assiniboine Credit Union
- BlueShore Financial Credit Union
- Christian Credit Union
- Coastal Community Credit Union (CCCU)
- Coast Capital Savings Federal Credit Union
- Conexus Credit Union
- Connect First Credit Union
- Cornerstone Credit Union
- Desjardins
- East Kootenay Community Credit Union
- G&F (Gulf & Fraser Fishermen’s ) CU
- Innovation Credit Union
- Kawartha Credit Union
- Kindred Credit Union Limited
- Kingston Community Credit Union
- Libro Credit Union
- Niverville Credit Union
- Northern Credit Union
- Oshawa Community Credit Union
- Osoyoos Credit Union
- Peace Hills Trust
- Prospera Credit Union
- Prairie Centre Credit Union
- Raymore Credit Union
- Steinbach Credit Union
- Sudbury Credit Union
- Sunshine Coast Credit Union
- UNI Financial Cooperation
- Vancity
- Vision Credit Union
- WFCU Credit Union
- Williams Lake and District Credit Union
Your banking information and your privacy
Banking information privacy notice for businesses
Personal information, including banking information, is collected under section 220 of the Income Tax Act and section 275 of the Excise Tax Act. The Canada Revenue Agency (CRA) uses the information for direct deposit purposes only.
The information is described in personal information bank CRA PPU 047 - Business Returns and Payment Processing in the Canada Revenue Agency chapter of Information about Programs and Information Holdings. Personal information is protected under the Privacy Act and individuals have a right of access to, and correction or notation of, their personal information. Further details about requests for personal information at the CRA and our Information about Programs and Information Holdings chapter can be found at Access to information and privacy at the Canada Revenue Agency.
Update other information
Change your other business details with the CRA, including your contact information, owners, partners or directors, or your operating name:
Page details
- Date modified: