Get Started with CRA My Account: Your Guide to Easy Tax Management
As part of our commitment to keeping you informed and empowered, we are excited to share important information about the Canada Revenue Agency’s (CRA) My Account portal. This secure online tool is designed to help you efficiently manage your tax and benefits information from the comfort of your home.
What is CRA My Account?
CRA My Account is a personalized, secure portal that allows you to view and manage your tax-related and benefits information online. By setting up an account, you can:
Check the status of your tax returns and Notices of Assessment (NOA).
View and manage your unused RRSP contributions and other carryforward amounts.
Update your direct deposit details and personal information.
Access your Home Buyers’ Plan (HBP) and LifeLong Learning Plan (LLP) details.
Download information slips and much more.
Why You Need to Set Up Your Own Account
It's important to understand that CRA My Account is exclusive to each individual. For security reasons, you must set up your own account, and unfortunately, we cannot assist you with this process. This ensures that your personal information remains confidential and secure. Additionally, if you encounter any issues or get locked out of your account, you will need to contact CRA directly for assistance.
How to Register for CRA My Account
There are two ways to register for CRA My Account:
Sign-in Partner: Use your existing login information from your financial institution.
Go to CRA My Account, click “Continue to Sign-in Partner.”
Log in with your bank details.
Enter requested info and complete registration.
Receive a CRA security code by mail within 10 days to complete setup.
CRA User ID and Password: Create a new user ID and password directly on the CRA website.
Go to CRA My Account, click “CRA register.”
Enter required details and create your CRA user ID and password.
Receive a CRA security code by mail within 10 days to complete setup.
Regardless of the method you choose, you'll need information from your current or previous tax return to complete the registration.
Embrace the Future of Tax Management
The CRA is moving towards a more digital future, gradually phasing out traditional mail in favor of online communications. By setting up and using CRA My Account, you will ensure you are up-to-date and fully compliant with this transition. This will not only streamline your tax management but also provide you with faster, more efficient service.
Get Started Today
To help you get started, we have prepared a detailed fact sheet outlining the key features and registration steps for CRA My Account. If you don’t already have one, be sure to reach out to receive a copy.
We encourage all our clients to take advantage of this powerful tool. If you have any questions about CRA My Account or need further assistance with your tax and bookkeeping needs, please feel free to contact us. While we cannot assist with the setup or access issues of CRA My Account, we are here to support you in other aspects of your tax management.
Thank you for your cooperation and understanding as we navigate this digital transition together.
