In this article:
Overview
Business chequing account holders can make the following payments from their account:
- Canada Revenue Agency (CRA) payments for corporate income tax, GST and HST, and payroll source deductions.
- Revenu Québec payments for corporate income tax.
Bulk scheduling payments
Instead of scheduling each payment one at a time, bulk scheduling allows you to choose a frequency, set start and end dates, then review and confirm all upcoming payments at once. You can select monthly or quarterly recurring payments.
Limitations
- We don't support bulk scheduled payments to Revenu Québec yet.
- You can’t bulk schedule GST/HST payments yet.
- You can’t edit bulk scheduled payments after you set them up. If you need to make changes, you’ll need to cancel the scheduled payments and set up a new series.
Adding payees
Before you begin making and scheduling payments, you’ll need to add the relevant CRA or Revenu Québec payee.
Follow the steps below to add a payee:
- Log in to the Wealthsimple app
- Tap your Business chequing account
- Select Pay a bill
- Tap Pay a bill to add a new payee
- Search and select the relevant payee (income tax or payroll deductions)
- Enter a Nickname for your payee (optional) and your Account number
- Select Add and pay or Add only to confirm
- Log in to your Wealthsimple profile
- From the Home page, select your Business chequing account
- Select Pay a bill
- Select the Settings button in the top right corner
- Select Manage payees
- Select + Add payee
- Search and select the relevant payee
- Enter a Nickname for your payee (optional) and your Account number
- Select Add only to confirm
After you’re done, you can continue below to make one time or bulk scheduled recurring payments.
Make a CRA payroll deduction payment
Ensure you have the information required below ready before making a payment:
- Number of employees
- Gross payroll amount
- Period end that you're making the payment for
Follow the steps below to make a one-time or bulk-scheduled payroll deduction payment to the CRA:
- Log in to the Wealthsimple app
- Tap your Business chequing account
- Select Pay bill from the quick actions menu
- Choose CRA PAYROLL DEDUCTIONS as the payee
- Enter the Amount to pay
- Choose how you want to pay:
- One-time payment: Tap the arrow, then tap Submit.
- Recurring (bulk schedule): Continue to step 7.
- Tap the Date selector below the payment amount
- Select the start date for the recurring payment
- Select the Frequency (Monthly or Quarterly)
- Select an End date for the recurring payment
- Tap Done
- Enter the number of employees and gross payroll amount
- Tap Next
- Review your payment schedule
- Tap Schedule to finish
- Log in to your Wealthsimple profile
- Select your Business chequing account
- Select Pay bill from the quick actions menu
- Choose CRA PAYROLL DEDUCTIONS as the payee
- Enter the Amount to pay
- Enter the Number of employees and Gross payroll amount
- Choose how you want to pay:
- One-time payment: Continue to step 8.
- Recurring (bulk schedule): Use the Start date, Frequency, and End date selectors to choose your parameters.
- Select Next
- Review your bill payment details
- Select Submit
Make a corporate income tax or GST/HST payment
Ensure you have the period end date that you're making the payment for before continuing.
Follow the steps below to make a one-time or bulk-scheduled income tax or GST/HST payment:
- Log in to the Wealthsimple app
- Tap your Business chequing account
- Select Pay bill from the quick actions menu
- Choose the appropriate income tax or GST/HST payee
- Enter the Amount to pay
- Choose how you want to pay:
- One-time payment: Tap the arrow, then tap Submit.
- Recurring (bulk schedule): Continue to step 7.
- Tap the Date selector below the payment amount
- Select the Date to begin the recurring payment
- Select the Frequency of your bill payment (Monthly or Quarterly)
- Select an End date for the recurring payment
- Review your payment schedule
- Tap Next
- After reviewing the details of your bulk schedule, tap Schedule to finish
- Log in to your Wealthsimple profile
- Select your Business chequing account
- Select Pay bill from the quick actions menu
- Choose the appropriate income tax or GST/HST payee
- Enter the Amount to pay
- Choose how you want to pay:
- One-time payment: Select Next, then select Submit.
- Recurring (bulk schedule): Continue to step 7.
- Select Next
- Enter the Payment period end date
- Select Next
- Review your bill payment details
- Select Submit
Troubleshooting bill payments
If you experience an issue paying a bill, please review our Troubleshoot a bill payment resource for common scenarios and how to resolve them.
Frequently asked questions
What's my business account number for CRA payments?
Your account number includes your business number, a letter code, and a 4-digit account number.
Letter codes:
- RT: GST and HST
- RP: Payroll
- RC: Corporate income tax
What's my business account number for Revenu Québec payments?
Your account number is the 20-digit payment code you receive after you file your corporate taxes in your Revenu Québec My Business Account.
Can I choose an end date for my recurring CRA payments?
Yes. You can set start and end dates when you bulk schedule recurring CRA payments.
Can I edit my bulk scheduled CRA payments?
No. You’ll need to cancel the scheduled payments and set up a new series.
Can I make GST/HST payments to the CRA or RQ?
We support GST/HST payments to the CRA. We don't support them for RQ yet.
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