How to schedule a series of payments


You can use the option “Schedule a series of payments” to calculate payment schedules in the My Account / My Business Account (MyBA) secure portals for the following debts:

Prescribed interest rate

The Canada Revenue Agency (CRA) calculates your payment agreement using a combination of the interest rate set by the Bank of Canada and an additional prescribed amount determined by the CRA. This advertised rate of interest is updated quarterly, therefore, this may affect the amount of interest we charge throughout the payment agreement.

Mandatory fields

To calculate a payment agreement, you must enter values in the following fields:

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