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CRA Direct Deposit Promotion

Direct Deposit Promotion

An email recently sent to me by the Canadian Revenue Agency.

"As you may know, the Government of Canada is switching to direct deposit payments. The Canada Revenue Agency (CRA) would like you to continue to encourage your clients, both individuals and businesses, to enrol for direct deposit.

As a tax practitioner, your clients bring their required identification credentials when they visit your office to file their tax return. The CRA would like banking information to be considered as essential information in order to complete their return and receive their refund. Not only will taxpayers receive their T1 refund by direct deposit, but also any of the other payments owed to them by the CRA, such as the Canada child tax benefit, Universal child care benefit, GST/HST credit, or any associated provincial/territorial credits.

Direct deposit is a fast and convenient way for your clients to get their income tax refund and other credit and benefit payments directly into their bank account without having to wait for a cheque. Direct deposit costs less and is better for the environment, too!

We look forward to your continued support on this initiative."