№ files_lp_4_process_3_090776
FAQs providing guidance for Canadian businesses on enrolling in CRA direct deposit to receive CEWS payments directly into payroll accounts through their financial institution.
Year: 2020
Region: Canada
Topic: Canada Emergency Wage Subsidy (CEWS) and CRA direct deposit
Document type: FAQ guidance
Institution: Canada Revenue Agency, Central 1
Target audience: Canadian businesses with payroll accounts
Eligibility criteria: Business account with FI opened on or before March 1, 2020; valid 15-digit business number; matching legal name and owner details with CRA records
Payment method: Direct deposit in CAD to business payroll account
Application period: CEWS applications starting April 27, 2020; processing from May 4, 2020
Deposit availability: From May 7, 2020 for approved CEWS claims
Support contact: CRA 1-800-959-5525
Restrictions: Payments cannot be deposited in USD; LVTS required for payments of $25 million or more
Price: 8 / 10 USD
The file will be delivered to the email address provided at checkout within 12 hours.

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