Introduction
Properly setting up CRA tax settings ensures accurate and compliant tax reporting for investors. This guide walks you through configuring essential details, including the reply-to email, tax contact information, and your CRA account number.
Navigating to This Section
1. Click the Gear icon in the top-right corner to open Settings.
2. Select Company Settings.
3. Use the left-hand navigation menu to find and expand Administration Settings.
4. Locate Tax Report Settings.
Tip: If you cannot access Tax Report Settings, ensure you have the necessary permissions or check with your administrator.
Tax Report Settings
Fill in the following details to ensure proper tax reporting:
Field | Description |
Tax Slip Reply-To Email | Email address for investor tax slip replies. |
Contact Name | Name of the responsible tax contact person. |
Contact Area Code | Area code of the tax contact person. |
Contact Telephone Number | Phone number for tax-related inquiries. |
Contact E-mail Address | Email of the designated tax contact person. |
Account Number with CRA | 15-character account number (9 digits + RZ/RC + 4 digits). |
Best Practice: If you do not have a CRA account number, contact the CRA Business Enquiries line at 1-800-959-5525 or visit the CRA website for guidance.
FAQ
Why is my CRA account number required?
The CRA account number is needed to file T5 information returns and ensure compliance with Canadian tax regulations.
What should I do if I don’t know my CRA account number?
Contact the CRA Business Enquiries line at 1-800-959-5525 or visit the CRA website for assistance.
Can I update these settings later?
Yes, you can update your CRA tax settings anytime by following the same steps outlined above.
Need Further Assistance?
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📧 Email: support@mortgageautomator.com
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