Starting January 1, 2024, there is a significant change in how businesses can make payments or remittances to the Receiver General of Canada (CRA).
What You Need to Know:
- New Electronic Payment Requirement: For transactions exceeding $10,000, electronic payments are now mandatory. This change aims to streamline processing and enhance security.
- Penalty for Non-Compliance: If payments are made non-electronically for amounts over $10,000, the CRA may impose a penalty of $100. Visit the “Payments to the CRA” page for comprehensive information and guidance
Send Electronic Payments to the CRA and Government Remittance with Telpay
As CRA payment requirements evolve, it’s essential to embrace solutions that not only meet them but also enhance your overall experience. With Telpay, sending electronic payments to the Canadian Revenue Agency (CRA) and other government remittances is easier than ever.
- Built-in Required Forms: No more hassle with paperwork! Telpay takes the stress out of the process by including all necessary CRA forms within its platform. This means you can complete your payments and required documentation in one go, saving you time and reducing the risk of errors.
- Convenience at Your Fingertips: Whether you’re in the office or on the go, Telpay’s all-in-one payment platform allows you to make payments from anywhere, whenever.
- Security and Trust: Rely on Telpay’s secure system for all your transactions. Your financial information is handled with the utmost care, giving you peace of mind as you navigate the electronic landscape of CRA payments.
- Maximize Efficiency: Streamline all your bill payments, from business expenses, supplier payments to CRA and government remittances, with Telpay’s enhanced payment workflow and easy account reconciliation.
Get Started with Telpay
Embrace the CRA change with confidence. Visit http://www.telpay.ca to discover how Telpay can facilitate your transition to electronic CRA payments, ensuring compliance and peace of mind.
Already using Telpay? Learn how to make payments with Telpay Desktop and Online.