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PayPal Canada Helps Customers Speed Through Tax Season
Apr 19, 2018 |
Tax season is a stressful time for people and businesses. At PayPal, we always look for ways to make it easier for people to manage and move their money.
In time for the April 30, 2018 personal income tax filing deadline, PayPal Canada has teamed upwith
* to enable Canadians to use their PayPal account to pay their federal taxes with speed and ease on the Canada Revenue Agency (CRA)
More than 80 per cent of Canadians file their returns electronically, according to the CRA**. As tax filing and payment options evolve, many taxpayers want fast and secure ways to pay tax bills digitally.
Starting today, more than 6.5 million active customer account holders of PayPal in Canada can now use their bank account, credit card, Visa debit card or the balance in their account to pay their federal taxes.
More than 250,000 Canadian small businesses that use PayPal also benefit from this latest development. Our small business customers can now pay their corporate federal taxes using their balance, bank account or credit card in their PayPal account.
An estimated*** 2.8 million Canadian citizens live abroad. As per the CRA, certain people who live outside Canada may be considered for tax purposes. Canadian expatriates who need to file their taxes and owe money to the CRA can now use their PayPal account to pay their federal tax even when they are based overseas.
In speaking with Robert Hyde, VP Payment Services for Payment Source, he shared, "
We are pleased to work with PayPal to make tax paying simple. A digital payment solution like PayPal is ideal for Canadians who want to pay their taxes without revealing their bank account or credit card details to third parties
*Payment Source is a third-party service provider that helps you make payments to the CRA. All payments made to Payment Source using PayPal are completed on the Payment Source platform. A Payment Source convenience fee of 2.29% will apply. Details on
***Source: Canadians Abroad Project of the Asia Pacific Foundation of Canada, 2011
Gautam Kalita is Head of Strategy and Commercial Growth at PayPal Canada
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