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We know it’s important for members who need benefit payments like the Canada Emergency Response Benefit, Canada child benefit, GST credit, and income tax refund to get those payments quickly. Q8: How do I set up Canada Revenue Agency (CRA) direct deposit to receive government benefits in my EKC account? Any information you provide to the Government of Canada when you enroll for direct deposit is protected under the Government of Canada Privacy Act and as described in Receiver General Payments (Personal Information Bank PWGSC PCU 712). The Government of Canada considers privacy and security of utmost importance in the issuance of payments.
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Once the CRA has completed your direct deposit enrolment, the Receiver General will deposit any amounts to be paid to you by the CRA. To facilitate your direct deposit enrolment with the CRA:Įast Kootenay Community Credit Union will provide to the CRA your name and bank account information as set out above, as well as the date of birth and SIN that we have on file for you.ĬRA requires your name, account information, date of birth and social insurance number (SIN) and you will need to provide if not available through EKC. By signing these consent and privacy statements you will acknowledge and agree that: In order to offer this direct deposit enrolment service, East Kootenay Community Credit Union signed an extensive Terms of Use Agreement with the CRA which obliges us to use consent and privacy statements with all our clients who enroll in CRA direct deposit. Q7: Is it safe to sign up for direct deposit? You can also receive payments such as your income tax refund, benefits and credits such as the Canada child benefit (CCB), the goods and services tax/harmonized sales tax (GST/HST) credit, Canada workers benefit (CWB), and provincial and territorial payments such as the Ontario Trillium Benefit (OTB). If you are eligible, you can receive your Canada Emergency Response Benefit payments directly to your bank account. Q6: What payments can I receive through direct deposit? Once you are enrolled for direct deposit, you will receive CRA payments such as benefits, credits and refunds directly to your account. Q5: Will I still receive cheques if I sign up for direct deposit? It is reliable and your payment will always be deposited on time in your account.įor those eligible for the Canada Emergency Response Benefit, we encourage you to sign up for direct deposit with us as soon as possible to receive your benefit payments on time. Q4: Why should I sign up for direct deposit?ĭirect deposit allows you to access your money faster and is more convenient as your payment will not be delayed due to unforeseen circumstances such as bad weather. Payments Canada will circulate CRA’s link to ‘my business’ account where business can sign up.
#RECEIVER GENERAL CANADA REVENUE AGENCY UPDATE#
Small businesses with a Business Number will be able to update their Direct Deposit information through their business portal. The CRA has confirmed that the that Canada Emergency Response Benefit only supports SIN-based payouts and are not applicable to loans currently being provided for small businesses with a Business Number. The direct deposit service is strictly for individuals using their SIN to register. Q3: Why is direct deposit enrolment only available to individuals and not businesses? If an individual has never filed a tax return with the CRA, they are not eligible to sign up for the CRA direct deposit service through their financial institution. Q2: Who is eligible to enroll in the direct deposit service through financial institutions?Ĭanadian taxpayers. Direct deposit replaces the need to issue payments by paper cheque. QUESTIONS AND ANSWERSĭirect deposit is a secure electronic transfer of funds deposited directly into your account at East Kootenay Community Credit Union. You will then be able to receive the following CRA payments through direct deposit: the new Canada Emergency Response Benefit, income tax refund, Canada child benefit, goods and services tax/harmonized sales tax (GST/HST) credit, Canada workers benefit and related provincial and territorial payments. We can now offer this enrolment service to you, giving you the ability to simply and securely transmit your direct deposit enrolment information to the CRA when you log onto our online banking. In light of the COVID-19 crisis and the introduction of the Canada Emergency Response Benefit, the Canada Revenue Agency (CRA) wants to make it easier for Canadians to sign up for its direct deposit service or change their existing account information by creating an enrolment process that can be accessed through financial institutions.