Personal
Home Bank accounts
Credit cards
Borrowing
Mortgages
Savings and investments
Insurance
Advice
Business
Home Banking Solutions
Credit Cards
Financing
Investing
International
Going Further
Tips and Tools
Wealth Management
Home
CLOSE

COVID-19: Sign up for CRA direct deposit
for businesses

Receive government assistance, including the Canada Emergency Wage Subsidy (CEWS), more quickly.

Why should I sign up for direct depositwith the Canada Revenue Agency (CRA)?

Direct deposit allows you to access your money faster. It’s reliable and your payment will be deposited in the account you select when you sign up.

The Canada Revenue Agency encourages individuals eligible for the Canada Emergency Wage Subsidy (CEWS) to sign up for direct deposit with a payroll account (RP) as soon as possible to receive business payments on time.

Sign up in just a few clicks

Verify that your business and direct deposit information is up to date for each of your payroll accounts.

  • Sign in to your business account on the CRA website
  • Click on Business profile in the blue banner at the top of the page
  • Under Direct deposit, click Manage direct deposit
  • On the consent page, check the box to agree to receive government assistance, and click Submit 

Answers to your questions

What you need to know to sign up your business for CRA direct deposit

How do I sign in to my business account on the CRA website if I don't have user credentials?

You can use the SecureKey Concierge® Service, a partner that allows you to enter your National Bank user ID and password to access your CRA file.

  • Go to the CRA My Business Account page
  • Scroll own to Option 1 - Using one of our Sign-In Partners, and click Sign-In Partner / Register
  • Click on the icon of your financial institution for your personal account. You will be redirected to the sign-in page.
  • Enter the email and password you use to sign in to your personal account. You will be redirected to it’s sign-in page.

A CRA representative may contact you to confirm your request.

How do I sign up for the CRA My Business Account?

To sign up to My Business Account, make sure to have the following information and documents on hand:

  • Social Insurance Number
  • Date of birth
  • Current postal or zip code
  • Tax returns from the current and previous years
  • Business number

After signing up, you will have limited access until you receive your security code from the CRA. Once received, you will then be able to enter your code and gain full access. 

What about businesses who are unable to bank online or through an app?

The CRA can still issue cheques for CRA business payments. For any questions about your CEWS payments, please contact the CRA directly at 1‑800‑959‑5525. 

Does signing up for direct deposit for my business automatically sign me up for the Canada Emergency Wage Subsidy (CEWS)?

No, this sign up is only to choose your method of payment for the CEWS. For questions and information on how to apply for the CEWS, please visit the Government of Canada website.

I’ve already signed up for direct deposit with another bank. If I sign up again, will it update what I have on file with the Canada Revenue Agency?

Yes. The most recent sign up you complete will become the account on file with the Canada Revenue Agency. Direct deposits for the CEWS payments will be made into a single payroll account (RP) at a single financial institution.

How will the deposit show up in my account?

The deposits will show as being made by the Receiver General. The description on your statement will read “Federal Payment FED.”

Can I change my direct deposit bank account for my business?

Yes, by following the sign-up process again and selecting a different account. The last account information you provide will be used for direct deposit for your business. You can also update your business bank account information via the CRA My Business Account.

How will I receive my payment if it is $25 million or more?

If you are expecting a payment of $25 million or more, you will have to get your payment through the Large Value Transfer System (LVTS). To do so, you have to be enrolled in direct deposit with your payroll account and for the LVTS.
 
To enroll in the LVTS, visit the government of Canada website.

Little details that matters

Legal disclaimers

® SecureKey Concierge Service, SecureKey, the SecureKey logo, briidge.net and SecureKey app logo are trademarks, registered trademarks or servicemarks of SecureKey Technologies Inc.

1. When you open a session for the first time using SecureKey, you will be asked to accept the terms and conditions of use and the privacy notice. You will then be redirected to the government site where you'll already be signed in. 

Internet Banking Solutions for Business

Sign in to make your daily transactions.

Sign in 

Sign up

Due to the current situation, the waiting time is longer than usual. 

picto telephone


1-844-394-4494

Monday to Friday, 7 a.m. to 8 p.m. (ET)

picto-call-expert.svg