FEDERAL TAX: “Individuals and Businesses Can Now Pay Their Taxes Online”-Jean-Pierre Blackburn

October 2, 2009 by Dan White.

Bit of a rant here..

I just can’t understand how we can still breath with all this smell of bull in the air.

FEDERAL TAX: “Individuals and Businesses Can Now Pay Their Taxes Online”-Jean-Pierre Blackburn

Wow! kick up your heels….. we were just dying to find an easier way to pay CRA. No way Jose!

CRA works to stream line their operation. They are equally masters of efficiency and propaganda

It is not that CRA can not find out where you bank, but don’t make it easy for them it is not in your best interest.

Dan White

By: Marketwire .
Oct. 2, 2009 10:26 AM

(See Dan White Comments below)

JONQUIERE, QUEBEC — (Marketwire) — 10/02/09 — The Honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of State (Agriculture and Agri-Food), announced the launch of a new online service at the Canada Revenue Agency (CRA).

(COMMENT: By Dan White: I guess being minister of revenue is not a full time job?)

“Taxpayers and businesses can now send payments to the Canada Revenue Agency instantly from their accounts at participating financial institutions using the new My Payment service,” said Minister Blackburn. “This new service is yet another achievement aimed at reducing the paperwork and compliance burdens for Canadians.”

(COMMENT: By Dan White: or is it about reducing the paperwork for CRA? not that I am not in favour, I just like honesty instead of propaganda)

The new My Payment service is safe and uses the existing security of your online banking services. It is also private-no sensitive tax or banking information will be shared between the CRA and a financial institution.

(COMMENT: By Dan White: I guess telling them where you bank so they can seize your account if the need be, is not sensitive?)

Minister Blackburn added that “My Payment ends the inconvenience of timing payments to arrive on the right day by mail by crediting CRA accounts at once for payment transfers. The service also ends the hassle of monitoring outstanding cheques to avoid non-sufficient-funds transactions, by only allowing payments when funds are immediately available from your account.” This service will equally benefit businesses of all sizes and individual taxpayers.

(COMMENT: By Dan White: And when what the last time Canadians said they have this problem?)

My Payment is accessed using a portal on the CRA Web site. The service lets individuals and businesses send payments electronically through a secure link with Canadian financial institutions who offer Interac® Online payment service. Currently, those institutions include the following: BMO Bank of Montreal, Scotiabank, TD Canada Trust, and RBC Royal Bank. This new service will be available on October 5, 2009.

(COMMENT: By Dan White: Now let me see…. I link onto CRA site, I connect to my bank account. hmm if this was a business, my response would be: “Are you out of your mind?”)

Transactions completed through My Payment can contain several payments for a combination of both individual and business accounts at the CRA. Payments can be made from a personal or a corporate bank account at a participating financial institution.

For more information about My Payment, or to use the service, go to www.cra.gc.ca/mypayment.

FACT SHEET

My Payment - a new service for businesses and individuals

My Payment is an electronic payment service, accessed through the CRA website, that allows individuals and businesses to send payments directly to the Canada Revenue Agency (CRA) from an account at a participating financial institution(i).

My Payment is fast and easy to use. The service is provided through Interac® Online and its many benefits include:

- Immediate payment - no accounting for the time it takes to mail a cheque.

- Safety and security - the payment is completed through your existing online banking service.

- Privacy - no personal information is exchanged between the CRA and your financial institution.

- Simplicity - payments to several CRA accounts can be made in a single transaction.

How do I use My Payment?

1. Select the My Payment option from the CRA Web site (www.cra.gc.ca/mypayment).

2. Compose your payment by listing the accounts and amounts you will be paying. You will need your account information as provided by the CRA.

3. Select the “Pay now” option and then choose your financial institution. You need to be registered for online banking with your financial institution.

4. Log in to your financial institution’s online banking with your usual login ID and password.

5. Choose an account from which to deduct your payment.

6. Confirm the payment. You will be automatically directed to a confirmation page.

7. Print or save a copy of your transaction receipt.

Is My Payment secure?

Yes. My Payment is secure for a number of reasons:

- You don’t need to enter any financial information, card numbers, or login information on the CRA site.

- The payment is completed through your existing online banking service.

- No personal information is shared between the CRA and your financial institution.

(COMMENT: By Dan White: It seems to me that the name address and location of my bank is rather personal)

To maintain security, keep your identification information confidential.

For more information, visit www.cra.gc.ca/mypayment.

(i) The following financial institutions currently offer Interac® Online as a payment option: BMO Bank of Montreal, Scotiabank, TD Canada Trust, and RBC Royal Bank.

® Trade-mark of Interac Inc. Used under licence.

Contacts:
Canada Revenue Agency
Noel Carisse
Media Relations
613-952-9184

Office of the Minister of National Revenue
and Minister of State (Agriculture and Agri-Food)
Sophie Doucet
Press Secretary
613-608-3252

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