Should you pay the CRA with your credit card?
The easiest way to pay your taxes online is through the CRA My Payment system, which can be accessed through your CRA My Account or by paying through your bank account’s online portal.- a third-party online payment processor that accepts payments made through PayPal, debit, or credit cards.
Paying your taxes off with one lump-sum credit card payment ensures your tax debt is handled on time so you can avoid any unpleasant interactions with the CRA.Even if you have the funds available to pay your tax debt, you may still benefit from paying your taxes with a credit card if you have a card that allows you to earn cashback or additional rewards.
Paying off your taxes can be a great way to meet these spending requirements and cash in on your reward.
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