CRA Direct Deposit
In light of the COVID-19 crisis and the introduction of the Canada Emergency Response Benefit and the Canada Emergency Student Benefit, the Canada Revenue Agency (CRA) wants to make it easier for Canadians to sign up for its direct deposit service or change their existing account information by creating an enrolment process that can be accessed through financial institutions.
We can now offer this enrolment service to you, giving you the ability to simply and securely transmit your direct deposit enrolment information to the CRA when you log onto our online banking.
You will then be able to receive the following CRA payments through direct deposit:
- the new Canada Emergency Response Benefit
- the new Canada Emergency Student Benefit
- income tax refund
- Canada child benefit
- Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit
- Canada workers benefit and related provincial and territorial payments
It's easy to sign up:
- login to your SASCU online banking,
- click "Account Services",
- and select "Set Up CRA Direct Deposit.
Note: The CRA or your financial institution will never send you an email, text or Interac e-transfer to a link asking for your personal information to receive your benefit payment or refund. These are scams and taxpayers should never respond to these fraudulent communications or click on any of the links provided. If you submit multiple requests to update your direct deposit information, the most recent enrolment you complete will become the account on file with the CRA. Direct deposits will only be made into one account, at one financial institution.