Line 48500 - Balance owing
Your balance owing is due no later than April 30, 2024.
Generally, the CRA does not charge a difference of $2 or less. Do not mail cash or include cash with your return.
NEW! As of January 1, 2024, remittances or payments to the Receiver General of Canada should be made as an electronic payment if the amount is more than $10,000. Payers may face a penalty unless they cannot reasonably remit or pay the amount electronically. For more information, go to canada.ca/payments.
The CRA will charge daily compound interest on any outstanding balance starting May 1, 2024, until your balance is paid in full.
Make your payment using:
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your Canadian financial institution's online or telephone banking services
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the CRA's My Payment service at canada.ca/cra-my-payment using your Visa® Debit card, Debit MasterCard® or Interac® Online card (does not include credit cards)
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pre-authorized debit (PAD) at canada.ca/my-cra-account (for more information on PADs, go to canada.ca/pay-authorized-debit)
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cheque or debit at your Canadian bank or credit union with a remittance voucher (available through My Account at canada.ca/my-cra-account or by contacting the CRA)
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cash or debit at any Canada Post outlet across Canada for a fee if you have a remittance voucher with a QR code or a self-generated QR code
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your credit card, Interac e-transfer or PayPal for a fee through one of the CRA's third-party service providers
For more information, go to canada.ca/payments.
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See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required): Line 48500 - Balance owing |
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