CRA Electronic Payment Requirements: What Businesses Need to Know
Since January 1, 2024, the Canada Revenue Agency (CRA) has required that most payments or remittances to the Receiver General—including GST/HST and income tax—exceeding $10,000 be made electronically, unless the payer cannot reasonably do so. A $100 penalty may apply for each failure to comply.
In June 2025, CRA informed CPA Canada that while these penalties are not currently being enforced, taxpayers should expect advance notice if enforcement begins. In the meantime, CRA is focusing on education and encouragement, promoting electronic payments through:
Online banking (via banks or credit unions)
CRA My Business Account
Third-party payment providers
Why You Should Switch to Electronic Payments Now
Even though CRA isn’t currently assessing penalties, it’s wise to transition to electronic payments now to avoid future surprises. Electronic payments are:
Faster and more reliable than mailing cheques
Trackable, with confirmation receipts
Less prone to delays, especially during Canada Post work stoppages
Tips for Making CRA Payments Online
Here are some practical tips to help ensure smooth electronic payments:
✅ Use the Right Bank Account
Some financial institutions require a business-type account to make GST/HST payments. If you're using personal banking, your payment may be rejected or delayed.
✅ Plan Ahead for Deadlines
CRA payment deadlines are strict. Avoid last-minute issues by:
Setting calendar reminders
Making payments at least 1–2 business days before the due date
Verifying your CRA account balance and due dates regularly
✅ Order Payment Vouchers Early
If you still prefer to use paper vouchers to pay at the bank, you can order them online through CRA. However, they are only delivered by regular mail, which can be unreliable during postal disruptions. Always plan ahead and consider switching to digital options.
✅ Use CRA’s Online Portals
CRA’s My Business Account and My Payment services allow direct payments from your bank account. These portals are secure and provide instant confirmation.
Be Proactive
While CRA is currently taking a soft approach to enforcement, the requirement for electronic payments over $10,000 is already in effect. Businesses should act now to ensure compliance and avoid future penalties. If you need help setting up electronic payments or understanding your CRA obligations, our team is here to assist.