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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

Reporting income from Airbnb

by Roberto Belingueres | Apr 10, 2019

Reporting Income from Airbnb Like other, more traditional, rentals, the Canada Revenue Agency (CRA) has specific rules surrounding the declaring of rental income, which you should become familiar with as soon as possible. What you need to know about earning income...

What is Income Splitting?

by Roberto Belingueres | Mar 31, 2019

What is Income Splitting? By definition, income splitting involves diverting dividend income (and certain other types of income) from one family member to another member in a lower tax bracket resulting in substantial tax savings. By way of example, let’s take the...

Real Estate Tax Update

by Roberto Belingueres | Mar 17, 2019

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by Roberto Belingueres | Mar 1, 2019

Snowbirds, March 1, 2019 The age-old Canadian tradition for retirees: when it starts getting cold outside, Canadians will “flock” to the warmer shores of the United States. Are there any tax considerations in the United States we need to be aware of when your retired...

Beware of scammers posing as CRA employees

by Roberto Belingueres | Jan 28, 2019

Beware of scammers posing as CRA employees. Scammers posing as Canada Revenue Agency (CRA) employees continue to contact Canadians, misleading them into paying the false debt. These persistent scammers have created fear among people who now automatically assume that...

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