Phil Hogan is a Canadian and US CPA working with clients throughout Canada and the US. Phil advises on cross border tax and financial planning matters. Phil can be reached at phil@beaconhillwm.ca or via telephone at 778.433.1314. You can also read more about Phil at www.Beaconhillwm.ca/team/about-phil/
CRA Is Now Offering Online Payment Services
04 December 09 
CRA News 
It’s been a long time coming, but The Canada Revenue Agency is now offering electronic payments for individuals and businesses.
Their new MyPayment system allows individuals to pay personal tax installments and balances as well as allowing businesses to pay the following accounts:
- GST/HST;
- Payroll Source Deductions;
- Corporation Income Tax;
- Excise Duty;
- Excise Tax;
- Air Traveller’s Security Charge;
- Tax on Insurance Premiums
- Softwood Lumber Products Export Charge;
- Nova Scotia Worker’s Compensation Board.
However keep in mind that CRA has only approved the following financial institutions for MyPayment transactions:
- BMO Bank of Montreal
- Scotiabank
- RBC Royal Bank
- TD Canada Trust
For more information on MyPayment please visit here.
This commentary reflects the personal opinions, viewpoints and analyses of the Beacon Hill Wealth Management Ltd. partner providing such comments, and should not be regarded as a description of advisory services provided by Beacon Hill Wealth Management Ltd. or performance returns of any Beacon Hill Wealth Management Ltd. client. The views reflected in the commentary are subject to change at any time without notice. Nothing in this commentary constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. Beacon Hill Wealth Management Ltd. manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Any discussion about taxation is for educational purposes only and should not be viewed as professional advice. Consult your tax professional for tax advice on your particular situation.
Comments