Knowledge Base

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Financial Oversight

Why You Should Check Your CRA Account Regularly

Your CRA My Business Account is the hub for everything related to your business taxes — income tax, GST/HST, payroll, and account balances.

Top 5 Reasons to Check Your CRA Account Regularly

1. Catch Amounts Owing Before Penalties Hit

CRA charges interest daily on overdue amounts — even small balances.
By checking your account, you can catch unpaid GST, payroll remittances, or income tax instalments before they snowball.

2. Confirm Your GST Filing Status

You can see:

  • whether CRA received your return

  • if a payment was applied

  • if the system flagged anything as “pending,” “missing,” or “overdue”

This prevents the classic mistake of assuming your bookkeeping software filed something when it actually didn’t.

3. Make Sure Payments Are Applied Correctly

It’s common for banks or CRA to misapply payments to the wrong tax year or the wrong program (ex: GST applied to payroll).
A quick check lets you catch and correct these errors early.

4. Keep Your Payroll Accounts Accurate (if applicable)

Your CRA account shows:

  • payroll remittances

  • due dates

  • any late penalties

  • balances owing

  • employee slips (T4/T4A) status

Checking monthly keeps your payroll clean and avoids expensive late penalties.

5. Protect Yourself From CRA Notices & Surprise Letters

Most CRA “letters of concern” stem from:

  • missing filings

  • unpaid amounts

  • incorrect balances

  • outdated information

Regular checks let you catch issues before the letter arrives — and before stress sets in.

How Often Should You Check?

  • Monthly is ideal

  • Quarterly at minimum

  • Immediately after any GST filing or payroll remittance

  • Before year-end so there are no surprises

Ready to Get Organized?

Get Started today with a

complimentary assessment

Your future self — the one who isn’t drowning in receipts — will thank you.

How to Access Your CRA My Business Account

  1. Go to canada.ca/my-cra-business-account

  2. Log in with your Sign-In Partner or CRA login

  3. Check:

    1. GST/HST

    2. Corporate or personal business income tax

    3. Payroll (RP) accounts

    4. Account balances

    5. Messages/letters

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