Option 2. You can also deposit directly into My CRA Account, My Service Canada Account or My Scotiabank VAC Account Business customers who are registered for direct deposit receive facilitated payments directly to their operating account, conveniently and securely. Companies must first determine their eligibility for CEWS and then request relief payments directly from the credit rating agency. Canadian Bankers Association has announced that Canadian banks are working with the Canadian government to provide online registration of the Canada Revenue Agency`s (CRA) direct contribution. Have your Paycheque automatically deposited into your account if you set up the direct payment for the payslip. Simply fill out this billing form with your account information and make it available to your employer for processing. Investment bank clients authorized to receive Canadian emergency salary grant funds should register with the Canadian Revenue Agency (CRA) through ScotiaOnLine, the Scotia Mobile app and ScotiaConnect. Business customers must register with their normal online banking channel to register, or contact their Small Business Advisor for small business customers or business and business relations managers for help registering. Scotiabank is a leading bank in North and South America. Guided by our goal of “for every future,” we help our clients, their families and communities succeed through a wide range of advice, products and services, including private and commercial banks, asset management and private banking, corporate and investment banking, and capital markets. With a team of approximately 100,000 employees and a fortune of approximately $1,200 billion (as of January 31, 2020), the Bank of Scotia on the Toronto Stock Exchange (TSX: BNS) and the New York Stock Exchange (NYSE: BNS) trades. For more information, visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.

The rating agency also includes Meridian Credit Union, motusbank and Servus Credit Union on the list. For more information, please visit the CRA`s direct payment page. “Scotiabank continues to support our investment banking clients by providing access to the government resources they need to navigate through these uncertain times,” said Dan Rees, Group Head, Canadian Banking. “We encourage all of our business clients to use Scotiabank`s online tools to register for a direct deposit with the credit rating agency to ensure timely and secure access to the funds they need, instead of waiting for physical cheques.” According to the press release, Canadians should visit their bank`s website for information on how they can register for Cra`s direct deposit or, for those who are already registered with the rating agency, update their account information.