Canada Revenue Agency (CRA) Direct Deposit
Set up direct deposit for CRA payments and refunds
Direct deposit is a fast and convenient way to receive your Canada Emergency Response Benefit and your Canada Revenue Agency (CRA) payments and refunds. There are no holds on your funds and there is no need to visit a branch or deposit a cheque at an ABM.
The Government of Canada benefits you can receive through direct deposit include:
- Canada Emergency Response Benefit*
- Income tax refund
- Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit
- Canada Child Benefit
- Canada Workers Benefit
- Ontario Trillium Benefit
*You can apply online directly with the CRA for the Canada Emergency Response Benefit (CERB).
We stand prepared and ready to help
Setting up CRA direct deposit is easy
Sign in to Laurentian Bank Online Banking
If you don’t already have an online banking account with us, sign up today.
Select "CRA Direct Deposit" in the menu
Select your account
We stand prepared and ready to help
For questions about your CRA account or the Canada Emergency Response Benefit, please call the CRA directly at 1-800-959-8281.
We stand prepared and ready to help
CRA direct deposit FAQs
CRA FAQs
Why should I sign up for direct deposit?
Direct deposit allows you to access your money faster and more conveniently. It is reliable and your payment will always be deposited on time in the bank account that you supply when you enrol.
You only need to register once, and all your future payments and refunds from the CRA will automatically be deposited into your chosen account.
If you are eligible for the Canada Emergency Response Benefit, we encourage you to sign up for direct deposit as soon as possible to receive your benefit payments on time.
Who is eligible to sign up for CRA direct deposit?
- To set up CRA Direct Deposit, you need to have a LBC Digital Chequing or LBC Digital High Interest Savings Account. If you don’t have an account with us, you can sign up here.
- All Canadians who have a valid Social Insurance Number (SIN) and have filed at least one tax return are eligible to sign up easily online.
How do I apply for the Canada Emergency Response Benefit?
Canada Emergency Response Benefit applications are open now. Please refer to the CRA’s Canada Emergency Response Benefit webpage for more details.
How long will it take to process my direct deposit enrolment?
The CRA aims to process direct deposit enrolment or information updates in one to two business days, however given current circumstances you may experience longer than usual processing times.
You can get updates on the status of your payment or enrolment by contacting the CRA directly at 1-800-959-8281.
What if I am already registered for CRA direct deposit with another financial institution?
Your new registration will override any previous direct deposit information on file with CRA. Once you complete your registration, all future CRA payments will be deposited into the account you registered most recently.
How long will it take for my payments to be deposited?
You can expect to receive direct deposit payments within five business days of the scheduled payment date.
How will I know that my enrolment is complete?
If you are fully registered for CRA’s My Account, you can verify your direct deposit and payment information through their online self-service portal.
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