Canada: Canada Revenue Agency Enables QR-Based Tax Payments

The Canada Revenue Agency (CRA) has partnered with Payment Source, an alternative payment provider, to enable Canadians to make tax payments at more than 6,000 Canada Post locations across the country.

In the new initiative, a QR code - powered by Payment Source's Loadhub technology, will be embedded in CRA remittance forms for T1 taxes or generated online via Canadians will then be able to scan the QR code and pay in-person using cash or debit at any Canada Post location.

The new remittance forms will be available at the end of February, simplifying the tax payment process for Canadians, with payments received immediately by the CRA. According to RFi Group data, 83% of Canadians currently make their tax payments in-person, 23% of these would prefer to pay with a debit card and a further 11% would prefer to do so using cash, suggesting great demand for this service.

Robert Hyde, VP Payment Services for Payment Source, commented, "We are pleased to continue to support the CRA with their tax payments and are constantly looking for ways to improve the experience for the taxpayer." He also added, "In-person payment at Canada Post continues to be a great solution for those in more remote regions where traditional banking services are less accessible."

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