CRA Direct Deposit Information (Business)

To help employers keep and re-hire workers amidst the challenges posed by the COVID-19 pandemic, the Government of Canada has implemented the Canada Emergency Wage Subsidy (CEWS). The Canada Revenue Agency (CRA) is administering the CEWS on behalf of the Government. 


The CRA requires employers to register for direct deposit in order to receive the benefit straight into their business payroll account. With only one-third of Canadian companies currently registered for CRA direct deposit, the CRA estimates it would need to send approximately 4.5 million cheques over the next four weeks, which is unsustainable. To ensure fast and secure payments, employers can now register business payroll accounts for direct deposit with the CRA through their financial institution


1. When can I access the CRA direct deposit for businesses service through Prairie Centre Credit Union?

This service is now available through Prairie Centre Credit Union. Through this service, your business can simply and securely submit your direct deposit enrolment information to the CRA.

2. Who is eligible to enroll for CRA direct deposit for businesses?

To be eligible to enroll in CRA direct deposit for businesses, you must have a business account with Prairie Centre Credit Union that was opened on or before March 1, 2020. You must have a valid 15-digit business number and a Payroll account (RP). In addition, the legal name of the business on file with us and your business owner details must match what the CRA has on file, or the direct deposit enrolment may not be successfully processed by CRA. To avoid any discrepancies which could result in rejection by the CRA, the owner of the business can complete the direct deposit registration and can fill in the optional fields for SIN # and DOB as these fields give CRA other criteria to do matching against.


The following links provide further detail on eligibility:

3. What information will I have to provide when I sign up for CRA direct deposit for businesses through Prairie Centre Credit Union?

Enrolment is completed using (where available) existing customer information on-file at Prairie Centre Credit Union including: business name, owner name, 15-digit business number, SIN, and bank account info. Customer identity is verified without the customer having to log into the MyCRA website or contact the CRA directly.

4. What happens if the enrollment fails?

You can attempt to enroll again in direct deposit with your financial institution or via the CRA My Business Account.

5. What happens if the Business Number is not correctly formatted?

Our enrollment form will not allow for invalid characters to be inputted into the filed. The format will be required only to allow 9 numbers, the letters Rr or Pp, and then 4 subsequent numbers. I.e. : 123456789RP0001 or NNNNNNNNNrpNNNN.

If an invalid character is entered, an error message will be displayed. To avoid any discrepancies, which could result in rejection by the CRA, the owner of the business can complete the direct deposit registration and can fill in the optional fields for SIN # and DOB as these fields give CRA other criteria to do matching against.  

6. What if I don’t see the updated bank account information for my business after 48 hours?

Contact the CRA at 1-800-959-5525


7. How will the deposit show up in my account?

The deposits will show as being made by the Receiver General. The description on your statement will read Federal Payment FED.


8. What CRA business payments are captured in the direct deposit enrolment through your financial institution?

Our CRA direct deposit for businesses enrollment feature will currently enable direct deposits in support of CEWS which will be paid into your business payroll account. It will not apply to direct deposit requests for the corporation income tax refund and GST sales tax refund at this time.


9. Can I have the payments go into my USD account?

No, the payments are paid in CAD and must be directed to a CAD account.

10. When can I apply for the Canada Emergency Wage Subsidy (CEWS)?

Starting April 27, 2020 eligible clients will be able to apply for CEWS through the Government of Canada. The CRA will collect applications throughout this week. As of May 4, the CRA will process applications through its automated verification system. As such, employers can apply at a time that’s convenient for them. All claims that are approved through the CRA automated verification process will be sent for payment on May 5, so that payments being made through direct deposit should begin to appear in employers’ accounts as of May 7.


11. What about businesses who are unable to bank online or through an app?

The CRA can still issue cheques for CRA business payments. For any questions related to your CEWS payments, please contact the CRA directly at 1-800-959-5525.

12. Does enrolling for direct deposit for my business automatically sign me up for the Canada Emergency Wage Subsidy (CEWS)?

No, this sign up is only for choosing your method of receiving your CEWS payment.

13. I’m already signed up for direct deposit with the Canada Revenue Agency for my payroll account (RP). Do I need to enroll again?

No, you do not need to sign up again. The Canada Revenue Agency will use the account information that you have already provided for your direct deposit payments. You will however need to apply separately for the CEWS payment.

 14. I’ve already signed up for CRA direct deposit with another bank/financial institution. If I sign up again, will it update what I have on file with the CRA?

Yes. The most recent enrolment you complete will become the account on file with the Canada Revenue Agency. Direct deposits for CEWS payments will only be made into one payroll account (RP), at one financial institution.


15. How will I receive my payment if it is $25 million or more?

If you are expecting a payment of $25 million or more, you will have to get your payment through the large value transfer system (LVTS). To do this, you have to be enrolled in direct deposit on your payroll account and be registered for the LVTS. If you are not already set up for LVTS, begin the registration process.


To sign-up for CRA Direct Deposit for Business, please click the above "Sign-Up" button. Please note that you must be signed in to Online Banking to be able to access this feature. 

Applications for the CEWS benefit must be made directly through the CRA​.
Once you are approved for the CEWS benefit, registering for the CRA direct deposit for businesses service helps ensure your CEWS payment from CRA is quickly and securely deposited into your business payroll account.












Find Branch/ATM

Enter address, postal code or branch name