How To Change Direct Deposit For Cpp

Direct deposit - Canada Revenue Agency

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Don't miss a payment!

Direct deposit is fast, convenient and secure. Register for direct deposit today to ensure you get your payments on time in the event of an emergency or unforeseen circumstances!

For more information and to find out how to update your account, please visit our Frequently asked questions about direct deposit.

Individuals

If you receive one of the following payments from the CRA and have a Canadian bank account, you can sign up for direct deposit:

income tax refund
goods and services tax/harmonized sales tax credit and any similar provincial and territorial payments
Canada child benefit and any similar provincial and territorial payments
Canada workers benefit
deemed overpayment of tax
Canada Recovery Sickness Benefit, Canada Recovery Benefit, Canada Recovery Caregiving Benefit

Note

If you have already signed up for direct deposit with the CRA, we will use the existing bank account information for any payments you are entitled to receive.

If you have enrolled for direct deposit for the first time, you may still receive your next refund or benefit payment by cheque.

Ways to sign up for direct deposit or update your account information

Through financial institutions

You can sign up for direct deposit or change your account information through many Canadian financial institutions; banks, credit unions, trust companies.

Choose your financial institution

Once you provide consent through one of these financial institutions, your CRA direct deposit information will be updated the following business day. We encourage you to visit your financial institution's website for information on how to sign up.

Online - My Account Portal

You can sign up yourself if you are registered for My Account. If you are not yet registered, why wait? My Account can help you quickly and easily manage your tax affairs online, including signing up for direct deposit or changing your account information.

You can also see if you have any uncashed cheques that are older than six months.

Online - mobile application

To start or update direct deposit information, use MyCRA.

By phone

To sign up for direct deposit or to change your account information, call CRA at 1-800-959-8281 . You will need your:

social insurance number
full name and current address, including postal code
date of birth
most recent income tax and benefit return and information about the most recent payments you received from the Canada Revenue Agency
banking information: three-digit financial institution number, five-digit transit number, and your account number

Note

Do not close your old bank account until your first payment has been deposited to your new bank account as it may already be in process.

Businesses

If you expect to receive at least one of the following payments for your business from the Canada Revenue Agency, you can sign up for direct deposit:

corporation income tax refund
goods and services tax/harmonized sales tax refund
refund of excise tax or other levies
refund of payroll deductions
Canada Emergency Wage Subsidy (CEWS)

How to sign up

Online

As a business owner or delegated authority, you can start or update a direct deposit online.

To complete your direct deposit application or to manage your direct deposit information, log in or register for:

My Business Account
Represent a Client

New Sign up through financial institutions

The CRA may contact you by phone to confirm information. If you have questions about a call you receive, you may read more about how to recognize scams.

You can now sign up for direct deposit for certain business accounts or change your account information through your financial institution. To be eligible to enroll for CRA direct deposit for businesses, your business must have a valid 15 digit business number and one of the following CRA program accounts:

RT – Goods and Services Tax/Harmonized Sales Tax
RP – Payroll
RC – Corporate Income Tax
ZA - Canada Emergency Rent Subsidy (CERS)

* Note: You will need to sign up your Canada Emergency Rent Subsidy account (ZA) to receive the CERS by direct deposit.

Choose your financial institution

Trusts

If you are the trustee, custodian, executor, or other type of legal representative for a trust, you can start or change direct deposit information. The name on the bank account must match the name of the trust.

How to sign up

By mail

Fill out Form T3-DD, Direct Deposit Request for T3.
Mail the completed form to the address on the form.

For more information about direct deposit for trusts, call 1-800-959-8281 .

Non-residents

You can start direct deposit or change your banking information related to direct deposit if the following conditions apply:

you are a Canadian payer or agent
your non-resident tax account has three alpha characters starting with NR followed by six digits
your Canadian bank account is registered in Canada
the name on your Canadian bank account matches the name on your non-resident tax account

If you are a non-resident of Canada filing a Form NR7-R, Application for Refund of Part XIII Tax Withheld, you can ask the Canada Revenue Agency to deposit your refund directly into your bank account at a Canadian financial institution. The name on the bank account must match the name of the applicant or the authorized person who signs the certification section on Form NR7-R.

How to sign up

By mail

Non-resident account holder

Fill out Form NR304, Direct Deposit Request for Non-Resident Account Holders and NR7-R Refund Applicants.
Mail the completed form to the address on the form.

NR7R refund applicant

Fill out Form NR304, Direct Deposit Request for Non-Resident Account Holders and NR7-R Refund Applicants.
Attach the completed NR304 to the Form NR7-R, Application for Refund of Part XIII Tax Withheld refund application.
Mail the completed forms to the address on the forms.

For more information about direct deposit for non-resident account holders and NR7-R refund applicants, call 1-855-284-5946 .

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Date modified:: 2021-09-23