This is Stefan Armstrong from Armstrong Glen LLP. I am here to help you with paying your personal taxes online through my payment series payment platform. The advantages of using my payment are that it allows you to pay your payment to the CRA same day, which is usually not possible if you do it directly through online banking. Additionally, I have found that with online banking, even if you input the information incorrectly, they may apply your payment to the next year or the previous year, which can be frustrating. That's why I started using my payment more often. To get started, the first thing you need to do is visit mypayment.canada.ca. Scroll down and click on "Start My Payment." Then, click on "Individual Income Tax T1" because that's what we're doing today, paying personal tax. I will create other videos on how to do it for your business. If you have a large tax bill at the end of the year, the CRA may require you to make tax installments throughout the year. If that's what you're doing, click on "Tax Installment." If you have an amount owing to the CRA for personal tax, click on "Tax Amount Owing." In this process, I will use "Tax Amount Owing," but otherwise, it's very similar if you click any of the three options. Input your social insurance number and the amount that you want to pay for your personal taxes and click "Next." Confirm your information. If everything looks correct, proceed to pay by clicking "Confirm and Proceed to Pay." Then, click "Pay Now." Please note that visa and mastercards are debit cards, not credit cards. If you have a Visa Debit or a MasterCard Debit, you can choose that option and fill in your information to make the payment. Otherwise, I...
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Cra personal income tax - 2024 tax return remittance voucher Form: What You Should Know
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