Do you need help managing your taxes this year? If so, you may want to consider using a CRA My Account. A CRA My Account is a secure online portal that allows you to manage your tax affairs easily and conveniently. In this article, we will discuss how to create and use a CRA My Account. We will also provide some important timings for using the service. Finally, we will give you a brief overview of what you need to create an account and authorize someone else to use it on your behalf.
Who can use the CRA My Account service?
The CRA My Account service is available to any individual or business who has a Social Insurance Number (SIN). If you are an individual, you can use the service to view your tax information, file your taxes, and track the status of your refunds. If you are a business, you can use the service to view your business account information, file GST/HST returns, and make payments.
How to set up a new CRA My Account?
If you do not have a CRA My Account, you can create one by registering on the CRA website. To register for a new account, you will need to provide some personal information, such as your name, date of birth, address, and SIN. You will also need to create a username and password. Once you have registered for an account, you will be able to log in and access your tax information.
Important timings for your CRA My Account
If you are an individual, you can begin using the CRA My Account service as soon as you have registered for an account. If you are a business, you will need to wait until the CRA has processed your registration before you can begin using the service. The processing time for new registrations is typically about two weeks.
What do you need to create the account?
To register for a new CRA My Account, you will need:
- Your Social Insurance Number (SIN)
- Your Nine-digit Business Number
- Your Postal Code
- Recent Personal Tax Return
- Your date of birth
- Your current address
- A valid email address
- A username and password
How to authorize someone to use your CRA My Account?
If you want to authorize someone else to access your account on your behalf, you can do so by adding them as an authorized user. Just like that to add an authorized user, you will need their name, date of birth, SIN, and email address. Once you have added an authorized user, they will be able to log in and access your account information. You can remove an authorized user at any time by logging into your account and going to the “Authorized Users” section.Adding an authorized user to your CRA My Account is a convenient way to give someone else access to your tax information.
Final Thoughts
By following the steps in this article, you can easily create and use a CRA My Account. If you have any questions about the service or need help getting started, we encourage you to speak to a professional accounting firm or tax firm. They will be able to provide you with the assistance you need to make the most of the CRA My Account service.We hope this article was helpful. For more information on using a CRA My Account, please visit the CRA website. If you are looking for professional accounting or tax services, please get in touch with us. We would be happy to help!Thank you for reading!
