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Canadians Can Now Use PayPal to Pay Their Taxes on the CRA Website

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The Canadian Revenue Agency (CRA) has announced that there will be a new way to pay your taxes this year.

The agency has added PayPal as an option for Canadians to pay for their taxes just days before the April 30th personal income tax filing deadline. PayPal said that there are more than 6.5 million active users in Canada, as well as 250,000 small businesses that use the service. In a statement, President of PayPal Canada Paul Parisi said:

“Tax season is stressful. We wanted to help ease the pain and make it convenient for our customers to use their PayPal account to pay their federal taxes.”
Vice president of payment services for Payment Source Robert Hyde said in a press release,
“We are pleased to work with PayPal to make tax paying simple and secure. 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.”
If you are using PayPal to pay for your taxes, you will be charged a 2.29 percent “convenience fee”. The CRA says that more than 80 percent of Canadians now file their tax returns electronically.

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