Close-up of a hand inserting a coin into a black piggy bank with scattered coins on a white background.

Direct deposit changes impacting EFILERS and taxpayers

The confidence and trust that individuals and businesses have in the CRA is a cornerstone of Canada’s tax system. The CRA regularly adjusts and improves its systems and processes to safeguard sensitive information against ever evolving threats to its digital services.

To support our ongoing efforts to enhance the security of taxpayer accounts, and given persistent threat actors looking to defraud the system, direct deposit registrations or changes submitted via EFILE or by phone will no longer be accepted starting March 24, 2025.

We encourage individuals or their legal representatives to update their direct deposit information quickly and easily by signing into their CRA account or requesting it through their bank or credit union. A CRA account allows individuals to update everything from their direct deposit information to custody arrangements and allows instant access to individuals when they use our document verification service to create an account.

Click here to learn more: here

Information source from Canada Revenue Agency (CRA)

Section Title

The Tax-Free Savings Account (TFSA)

What is a TFSAThe TFSA program began in 2009. It is a way for individuals who are 18 and older and who have a valid social insurance number (SIN) to set money aside tax-free throughout their lifetime...

Tax season may be over, but protecting your information is a year-round priority

Tax-filing season may be over, but protecting Canadians’ information remains a year round priority. The Canada Revenue Agency (CRA) continuously works to monitor and detect fraud throughout the...

Tax Free Savings Account – Watch your limit and stay within it!

Canadians have been contributing to tax-free savings accounts (TFSA) since 2009, enjoying tax-free investment growth. Did you know that it’s possible to overcontribute and be subject to tax? Excess...

Make the most of your first home savings account

A First Home Savings Account (FHSA) lets you save for a qualifying home with tax-free growth and tax-deductible contributions, making it a great option for potential first-time home buyers. But, it’s...

Payments to the CRA

The CRA accepts many payment methods. Find out which way to pay works best for you. To see what options are available for a specific payment you are making, answer a few questions at CRA website below...

When to register for and start charging the GST/HST

Effective June 17, 2024, individuals with a SIN that starts with the number 9 can now use the Business Registration Online service to register and instantly obtain a business number and a GST/HST...

Do you need to change your tax return? Skip the paper request – do it online!

When it comes to filing an income tax and benefit return, most individuals choose to file online because it’s fast, easy, and secure. This tax season, more than 95% of all tax returns were filed...

Reminder – Do you have T1 returns that need to be retransmitted?

Did you know that you can log in to our secure EFILE web service whenever it’s convenient for you? It’s easy!1) Sign in to the secure site with your EFILE number and password.2) Click on the...

Self-employed? Get ready for tax season with these helpful tips from the CRA

If you’re self-employed, tax season can feel overwhelming, but the Canada Revenue Agency (CRA) is here to help you! Whether you’re a sole proprietor, freelancer, or running a small business...
Scroll to Top