Help with Manage direct deposit

• Who can manage direct deposit for my business?
• How do I start, update and stop direct deposit for my business?
• What business accounts can I manage online for direct deposit?
• Can I use more than one bank account?

Who can manage direct deposit for my business?

A business owner and an authorized representative with level 3 access can manage (start, update and stop) direct deposit for the business.

How do I start / update and stop direct deposit for my business?

A business owner and an authorized representative with level 3 access, who is authorized for all business accounts, can use the direct deposit link under Manage on the left navigation bar. An authorized representative with level 3 access, who is authorized for a specific business account (i.e. RT0001, etc.), can use the Manage direct deposit link under the specific business account on the My Business Account welcome page.

Start / update direct deposit

Choose the business account(s), and then add the bank information that applies to these account(s). You can choose business account(s) that have current bank information attached. The new bank information will override the current.

You will need the following information:

Branch number input field: The bank branch number can be found at the bottom of your cheque as pictured below.

Financial institution number field: The financial institution number can be found at the bottom of your cheque as pictured below.

Bank account number field: The bank account number can be found at the bottom of your cheque as pictured below.

Stop direct deposit

Choose the business account(s) you wish to stop direct deposit for, review the information and confirm to stop direct deposit for these business account(s).

What business accounts can I manage online for direct deposit?

You can manage direct deposit online for the following business accounts:

RC Corporation Income Tax
RD Excise Duty
RE Excise Tax
RG Air Travellers Security
RN Insurance Premiums Tax
RP Payroll Deductions
RT GST/Harmonized Sales Tax
SL Softwood Lumber
RZ Information Returns

• T5 Group
• Tax Free Savings Account
• Contract Payments

Can I use more than one bank account?

You can only use one bank account per business account (i.e. RT0001), but you can use a different bank account for each business account, if applicable.