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How to Register for My Business Account

by Roberto Belingueres | Dec 14, 2021 | Articles & Publications, Taxes

← Essential tax numbers for 2022 Legislation to create jobs and implement targeted COVID-19 →
How to Register for My Business Account

How to Register for My Business Account

If you are a business owner and haven’t registered your business account with CRA, we encourage you to watch the video or follow the steps below.

How to Register for My Business Account

Watch the YouTube video

  1. To get started, go to canada.ca/my-cra-business-account and select “CRA register.”
  2. To validate your identity, enter your social insurance number.
  3. Next, enter your postal code or zip code, date of birth, and an amount you entered on one of your income tax and benefit returns from the current tax year or the previous one.
  4. Then select a delivery method for a CRA security code, which is required to gain full access to My Business Account.
  5. Depending on the delivery method you have chosen, you will be asked to confirm your current postal code or zip code or enter your email address.
  6. The next step will be to create a CRA user ID and password.
  7. Then, select and answer five security questions.
  8. Review and agree to the terms and conditions of use by entering your password and selecting “I agree.”
  9. If you have chosen to have a CRA security code issued via email, you will now be asked to contact the CRA.
  10. Registration is now complete until you receive your code. Once you do, log in and enter it.
  11. Review and agree to the My Business Account terms and conditions of use.
  12. Then provide your Business number.​

Don’t hesitate to contact RGB Accounting by phone at (416) 932-1915 or by email at [email protected] if you have any questions. We’ll be pleased to assist you.

Source: CRA

← Essential tax numbers for 2022 Legislation to create jobs and implement targeted COVID-19 →

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Articles & Publications

Hiring outlook improves for 2021

by Roberto Belingueres | Jan 12, 2021

Hiring outlook improves for 2021 One-third of employers reporting labour shortages, up from one-quarter: Survey   Employers’ hiring intentions for 2021 have improved compared with earlier in 2020, according to a survey from the Bank of Canada. The percentage of...

Tax Brackets Canada 2021

by Roberto Belingueres | Jan 11, 2021

Federal Tax Bracket Rates for 2021 The following are the federal tax rates for 2021 according to the Canada Revenue Agency (CRA): 15% on the first $49,020 of taxable income, and 20.5% on the portion of taxable income over $49,020 up to $98,040 and 26% on the portion...

RRSP Contribution Limits: How Much Can You Deposit?

by Roberto Belingueres | Jan 10, 2021

RRSP Contribution Limits: How Much Can You Deposit? Contributions to registered retirement savings plans (RRSPs) reduce the amount of income tax you pay, but there are limits on how much you can deposit each year. Registered retirement savings plans (RRSPs) encourage...

Home Office Expenses: New Deduction Methods

by Roberto Belingueres | Jan 5, 2021

Home Office Expenses – New Deduction Methods New Simplified Deduction Methods, New Taxable Benefit Exception, and Employer Obligations   On November 30, 2020, Deputy Prime Minister and Minister of Finance Chrystia Freeland released Supporting Canadians and...

What Is Bookkeeping?

by Roberto Belingueres | Jan 4, 2021

To understand the financial health of your business, you need to have precise bookkeeping. Bookkeeping involves verifying receipts, depositing payments into a bank account, and keeping clear records so that all financial information is easily accessible when needed....

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