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How to Set Up a Payroll Account with CRA: Your Comprehensive Guide

Setting up a payroll account with the Canada Revenue Agency (CRA) is an essential step for every business owner. Whether you're hiring your first employee or expanding your team, having a dedicated payroll provider can make managing employee payments and deductions much easier. This comprehensive guide will take you through the process of setting up your payroll account with CRA in three different ways: through their website, mobile app or calling their customer service.

Setting Up Your Payroll Account CRA Online

One of the most convenient ways to set up a payroll account with CRA is online, via the agency's official website. Below is a step-by-step guide on how to get started:

• Visit the Canada Revenue Agency’s website and navigate your way to the “Businesses” section.
• Look for the “Register for a new BN or add a CRA account” option under the “Manage” heading.
• Follow the guided prompts and fill out all the necessary forms to register for a new Business Number (BN) or add a payroll account to your existing BN.
• After submitting all necessary information, you will receive a confirmation containing your BN or payroll account number.

Setting Up Your Payroll Account CRA through Mobile App

If you prefer conducting business on the go, the CRA Business Tax Reminders mobile app is your best bet. You can set up your payroll account with CRA using the app in the following way:

• Download and install the CRA Business Tax Reminders App from the Google Play Store or Apple App Store.
• After opening the app, tap on the “Payroll” option.
• Then, tap on the “How to calculate deductions” option.
• Follow the guided prompts to register for a new BN or add a payroll account to your existing BN.
• After providing all necessary information, you will receive a confirmation on your mobile device containing your BN or payroll account number.

Setting Up Payroll Account CRA through Call Centre

If you would rather deal with a person than navigate digital platforms, calling the CRA might be the best option for you. To set up your payroll account with CRA over the phone, follow these steps:

• Call the CRA’s Business Enquiries line at 1-800-959-5525 (open Monday to Friday, 9:00 a.m. to 6:00 p.m. local time, except on statutory holidays).
• State that you wish to set up a payroll account. The representative will guide you through the necessary questions and forms.
• Upon successful completion of the process, the representative will provide you with your BN or payroll account number over the phone.

Conclusion

Setting up a payroll account with the CRA is a straightforward process. With their website, mobile app, and call centre, the CRA provides multiple ways that cater to the varied preferences of business owners. Stay organized, keep your payroll processing efficient, and ensure you comply with Canadian tax regulations by setting up your payroll account with the CRA today.

Note: Please note, the guide was accurate at the time of writing. However, it's always a good idea to cross-check with the CRA or a qualified tax professional. Organizations should carefully consider their unique needs before setting up a payroll account with the CRA. It's always advised to consult with a financial or legal professional when establishing new financial accounts or processing payroll.