{"id":4365,"date":"2024-11-08T21:14:14","date_gmt":"2024-11-09T02:14:14","guid":{"rendered":"https:\/\/amyotgelinas.com\/arq-and-cra-require-electronic-payments-for-amounts-over-10000\/"},"modified":"2024-11-08T21:14:14","modified_gmt":"2024-11-09T02:14:14","slug":"arq-and-cra-require-electronic-payments-for-amounts-over-10000","status":"publish","type":"post","link":"https:\/\/amyotgelinas.com\/en\/arq-and-cra-require-electronic-payments-for-amounts-over-10000\/","title":{"rendered":"ARQ and CRA require electronic payments for amounts over $10,000"},"content":{"rendered":"<h3><strong>100 penalty per payment<\/strong><\/h3>\n<p>As of January 1, 2024, taxpayers (individuals, corporations, partnerships and trusts) are required to electronically remit all payments over $10,000 to the Agence du revenu du Qu\u00e9bec (ARQ) and the Canada Revenue Agency (CRA), under penalty of $100 per payment.<\/p>\n<h3><strong>To avoid ARQ or CRA penalties<\/strong><\/h3>\n<p>Most Canadian banks offer a wide range of electronic payment options for ARQ and CRA payments. These options include payment of personal, corporate and trust income tax, as well as source deductions, GST\/HST, QST, non-resident withholding tax, and more&#8230; <\/p>\n<p>Take a look at your payment options:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.canada.ca\/fr\/agence-revenu\/services\/paiements\/paiements-arc\/paiements-particuliers\/faire-paiement\/options-paiement-selon-type-paiement-vous-faites.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Payment options for businesses &#8211; Payments made to the CRA &#8211; Canada.ca<\/a><\/li>\n<li><a href=\"https:\/\/www.canada.ca\/fr\/agence-revenu\/services\/paiements\/paiements-arc\/paiements-particuliers\/faire-paiement.html\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Making a payment for individuals &#8211; Payments to the CRA &#8211; Canada.ca<\/a><\/li>\n<li><a href=\"https:\/\/www.revenuquebec.ca\/fr\/modes-de-paiement\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Payment methods | Revenu Qu\u00e9bec<\/a><\/li>\n<\/ul>\n<h3><strong>Recommendation<\/strong><\/h3>\n<p>Your professionals at Amyot G\u00e9linas recommend that you make electronic payments to the CRA and ARQ, even for amounts under $10,000. What&#8217;s more, this method of payment greatly reduces the risk of loss or error in the application of your payments. It also offers you reliable proof of the payment date, established by a recognized organization.  <\/p>\n<p style=\"text-align: right;\">An article from <a href=\"https:\/\/amyotgelinas.com\/services\/services-aux-entreprises-privees\/fiscalite\/\">the tax team<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>100 penalty per payment As of January 1, 2024, taxpayers (individuals, corporations, partnerships and trusts) are required to electronically remit all payments over $10,000 to the Agence du revenu du Qu\u00e9bec (ARQ) and the Canada Revenue Agency (CRA), under penalty of $100 per payment. To avoid ARQ or CRA penalties Most Canadian banks offer a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[137,134,142],"tags":[],"class_list":["post-4365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-consumption-taxes","category-did-you-know-that","category-tax"],"acf":[],"_links":{"self":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/4365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/comments?post=4365"}],"version-history":[{"count":0,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/posts\/4365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media\/4367"}],"wp:attachment":[{"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/media?parent=4365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/categories?post=4365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amyotgelinas.com\/en\/wp-json\/wp\/v2\/tags?post=4365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}