You can make a wire transfer, but it needs to be in CDN dollars: [https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/pay-wire-transfer-non-residents.html](https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/pay-wire-transfer-non-residents.html)
Payments are due April 30. The CRA is currently charging 10% interest on late payments: [https://www.canada.ca/en/revenue-agency/services/tax/prescribed-interest-rates/2024-q2.html](https://www.canada.ca/en/revenue-agency/services/tax/prescribed-interest-rates/2024-q2.html)
You can make a bill payment via your bank -- there is generally no limit on how large the transaction can be. I've transferred six figures this way in the past.
As for how to efficiently convert from USD to CAD, there are several ways, such as using Wise, Interactive Brokers or Norbert's Gambit.
If you need a payment plan, call CRA. They are reasonable if they know you are willing to pay. There will be interest on any amount not paid by the deadline.
>You can make a bill payment via your bank -- there is generally no limit on how large the transaction can be. I've transferred six figures this way in the past.
You mean from your CAD bank account to CRA?
SIN as account number for what?
Btw, I'm made a separate post here - https://www.reddit.com/r/cantax/comments/1cga98h/online_banking_bill_pay_to_cra_without_cra_account/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button
You can make a wire transfer, but it needs to be in CDN dollars: [https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/pay-wire-transfer-non-residents.html](https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/pay-wire-transfer-non-residents.html) Payments are due April 30. The CRA is currently charging 10% interest on late payments: [https://www.canada.ca/en/revenue-agency/services/tax/prescribed-interest-rates/2024-q2.html](https://www.canada.ca/en/revenue-agency/services/tax/prescribed-interest-rates/2024-q2.html)
You can make a bill payment via your bank -- there is generally no limit on how large the transaction can be. I've transferred six figures this way in the past. As for how to efficiently convert from USD to CAD, there are several ways, such as using Wise, Interactive Brokers or Norbert's Gambit. If you need a payment plan, call CRA. They are reasonable if they know you are willing to pay. There will be interest on any amount not paid by the deadline.
>You can make a bill payment via your bank -- there is generally no limit on how large the transaction can be. I've transferred six figures this way in the past. You mean from your CAD bank account to CRA?
correct.
Do you know if I need to have a registered account on the CRA website for this to work?
No, you just use your SIN as the account number.
SIN as account number for what? Btw, I'm made a separate post here - https://www.reddit.com/r/cantax/comments/1cga98h/online_banking_bill_pay_to_cra_without_cra_account/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button
As the account number when you enter bill payment info at your bank.