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Email this3:39 pm
January 25, 2024
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CRA agent confirmed paying instalments though Internet Banking (log in to your bank, pick and add payee, etc.) is still available and desirable way to pay it.
Where agent was wrong is advising to look for 'instalments for 2025'. At least my bank has only 'CRA Instalments' with no year and bank's agent confirmed that that is one and only payee I need to add.
Another word of caution - CRA agent said if you set pre-authorized payment for exact date (ex. Sept 15) you might be charged small interest as instalment requires few day to settle - appear on your account as paid... so you better set pay date few days in advance.
4:07 pm
October 27, 2013
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Different banks use different terminology for the name of the 'bill payee' for installment payments. Both of my banks show the year, i.e. 2025, but it does not matter because the current tax year is the default once January comes.
And yes, before I went to pre-authorized debit, I always made the payment at least 2 business days in advance. The Bill Payment system is not immediate. Processing takes a day or two. There is nothing to be gained to be pushing up against the time clock.
5:12 pm
March 15, 2019
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Back in the old days before they invented the wheel you could walk into the CRA office and pay them directly.
5:41 pm
September 11, 2013
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Been using my bank's bill payee option for years, so easy. Current options shown are for 2025 instalments, for 2024 taxes owing, plus some other ones, just have to make sure you pick the relevant one.
I've always ignored instalment notice dates and amounts, the wording which I find confusing anyway, the options they say I have, so I just send them money whenever it's convenient for me but always well before any due dates, e.g. I've already sent them all I'm going to for 2025, all done. I don't want to waste my time dealing with CRA over payment timing issues, etc.
I'm usually pretty good at sending them close to the right amount, at estimating my tax bill for the year, i.e. when I do my taxes the following year it's usually pretty close to what I still owe or what refund I'm getting.
7:12 am
September 30, 2017
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Briguy said
An even better way to pay your tax instalment is to pay through Chexy, assuming you have a Visa card that pays 3 or 4 % cashback for recurring payments. eg. if you pay through Chexy using a Scotia Momentum Visa Infinite card, you make about 2.25 % cashback. ( The card pays 4 % cashback on recurring payments and Chexy charges 1.75% handling fee ).
This is great! I can deliberately overpay my 2026 tax installment ... max out my 2026 4% cashback ... then get a tax refund in 2027
10:03 am
January 7, 2023
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Looks like I am late to the party. I just signed up on Chexy last Friday and have an appointment at Scotia Bank tomorrow to open a Scotia Momentum Visa Infinite card to pay for my CRA installments and property taxes. Effective Oct.22, 2026, the 4% reward will be reduced to 1% for the high value transactions such as CRA, property taxes and rents so by using this card, one will end up with a -0.75% return.
Below is the link to the changes:
12:35 pm
September 30, 2017
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… Jinxed 
7:35 pm
April 6, 2013
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Perhaps, lots of cardholders are signing up with Chexy and collecting 4% cashback on their recurring tax and rent payments charged to their Scotiabank Visa Infinite+ card.
Scotiabank would only be receiving 1.25% or 1.45% interchange for such large Emerging Segments charges.
9:24 pm
May 15, 2007
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I just got an ad for this: https://www.paywithcasa.com/
It mentioned the "ScotiaGold Passport Visa" and at first I thought surely that was some typo, as I'd never heard of that card. (I'd also never heard of Casa.) But they advertise it as "Enjoy no transaction fees when you pay your rent or condo fees through Casa with your ScotiaGold Passport Visa Card" and you earn 1 Scene+ point per dollar on the rent payment if the payment is at least $350 per month.
