CRA Direct Deposit Eligibility Requirements
To be eligible for Canada Revenue Agency (CRA) direct deposit enrollment:
Ensure that your business has a valid 15 digit business number and at least one (1) of the following accounts:
(RT) – Goods and Services Tax/Harmonized Sales Tax
(RP) – Payroll
(RC) – Corporate Income Tax account.
Ensure that the legal name of the business and the business owner details match the information on file with us and what you have provided to the CRA.
Ensure that a payroll account (RP) is set up to receive direct deposit if applying for Canada Emergency Wage Subsidy (CEWS).
Additional questions on how to receive CRA payments can be found on the Canada Revenue Agency website.
Visit our CRA Deposits- Personal page for frequently answered questions regarding direct deposit enrollment and how to set up direct deposit for personal accounts with us.
Learn More about CRA Direct Deposit:Enroll now Government Payment and Filing Service Canada Emergency Wage Subsidy Benefits
Sign up now for CRA Direct Deposit
Sign in to your CWBdirect Online Banking account.
Under “Account Services” select “CRA Direct deposit for Business” .
Select NEXT to commence the process.
Enter all the required information, company name, CRA Business number or Payroll Account number and a valid account that you will like the deposit to go into.
Enter corporate officer information. Note that the date of birth and SIN information is optional but first name and last name information is mandatory.
Select NEXT to continue and validate the information provided.
Select SUBMIT to confirm.
A confirmation message will be displayed indicating if the enrollment request was sent to CRA. This is NOT a confirmation that the enrollment with CRA is successful.
Log in to your CRA – My Business Account for Business portal the following business day (a minimum of 1 business day later) to confirm the success of the CRA setup.
Government Payment and Filing Service
CWB Government Paying and Filing Service
Paying and receiving transactions can be simple for business taxes and relief benefits too!
File federal and provincial taxes and receive ongoing CRA benefits with ease by simplifying your payments and organizing your receivable benefits.
Simplify your payables.
Make secure payments online for:
Corporation Income Tax
Payroll source deductions
Alberta tax vendors
Organize your receivables.
Receive CRA relief benefits and payments via direct deposit, including –
Canadian Emergency Response Benefit
Income Tax Refund
GST & HST Credits
Canada Emergency Wage Subsidy
Access your Canada Emergency Wage Subsidy benefits
The CRA requires employers to register for direct deposit to qualify to receive benefits straight into their account.
As a business owner and /or employer, you can ensure fast and secure payments when you register business payroll accounts for CRA direct deposit through the bank.
Signing up for direct deposit will enable employers with approved applications to receive their CEWS payments faster and more securely.
You can also sign up for direct deposits with us even after applying for the Canada Emergency Wage Subsidy (CEWS).
Employers already registered for direct deposit and already have My Business CRA account do not need to re- register.
Signing up for CRA Direct Deposit with CWBdirect Online Banking does not imply automatic enrolment for Canada Emergency Wage Subsidy (CEWS). An enrolment application may be done with the CRA directly.
What every business owner should know
Enjoy the convenience of CRA payments and receivables by setting up direct deposit today. This will allow you to:
Take control of your cash flow
Conduct secure and reliable transactions online
Improve financial forecasting and
Avoid penalties and late payment fees.