Ottawa, Ontario, June 22, 2007... Canada Revenue Agency (CRA) announced today, that to date, it has received over 18.3 million payments. The vast majority of Canadians prefer to pay their taxes through their financial institutions, electronic banking, or by cheque. Cash payments continue to decline and make up only 0.3% of all payments.
Canadians have many options to choose from when they make a payment to the CRA. They can use telephone and Internet banking service, preauthorized debit, send payments by mail to CRA Tax Centres, or pay by cheque, money order or debit card at CRA payment counters. They can also make their payments in cash, free of charge, at financial institutions across Canada.
Total number of payments received as of June 15, 2007| Payment Method | 2007 | 2006 | Change |
|---|---|---|---|
| Cheque | 8,399,499 | 8,071,721 | 4.06% |
| Financial institution | 5,921,409 | 5,770,122 | 2.62% |
| Electronic Banking | 3,666,037 | 3,009,212 | 21.83% |
| Pre-Authorized Debit | 237,500 | 241,652 | -1.72% |
| Interdepartmental Settlements | 78,046 | 89,138 | -12.44% |
| Cash | 51,259 | 63,073 | -18.73% |
| Debit Card | 40,976 | 43,469 | -5.74% |
| Total | 18,394,726 | 17,288,387 | 6.40% |
