--- title: How to Make a T2 Corporate Tax Payment Using the CRA’s My Payment Service description: Learn how to make a T2 corporate tax payment using the CRA’s My Payment service with this step-by-step guide. Avoid penalties and ensure timely submissions. image: https://toroaccounting.ca/hubfs/T2%20CRA%20my%20Payment.jpg --- [Skip to content](https://toroaccounting.ca/blog/how-to-make-a-t2-corporate-tax-payment-using-the-cras-my-payment-service#main-content) [![Toro Financial Inc. dba Toro Accounting](https://toroaccounting.ca/hs-fs/hubfs/Logo-Square%20(500%20x%20200%20px)-1.png?width=450&height=150&name=Logo-Square%20(500%20x%20200%20px)-1.png)](https://toroaccounting.ca/en?hsLang=en) - [Home](https://toroaccounting.ca/en/) - [Taxes](https://toroaccounting.ca/en/tax-filing-services) Show submenu for Taxes - [1st Tax Filing](https://toroaccounting.ca/en/steps-for-filing-t1) - [Bookkeeping](https://toroaccounting.ca/en/bookkeeping) - [Business Plans](https://toroaccounting.ca/en/create-my-business-plan) - [Blog](https://toroaccounting.ca/blog) Open main navigation Close main navigation - [Home](https://toroaccounting.ca/en/) - [Taxes](https://toroaccounting.ca/en/tax-filing-services) Show submenu for Taxes - [1st Tax Filing](https://toroaccounting.ca/en/steps-for-filing-t1) - [Bookkeeping](https://toroaccounting.ca/en/bookkeeping) - [Business Plans](https://toroaccounting.ca/en/create-my-business-plan) - [Blog](https://toroaccounting.ca/blog) - [Book a Free Consultation](https://toroaccounting.ca/en/book-consultation) [Book a Free Consultation](https://toroaccounting.ca/en/book-consultation?hsLang=en) Nov 23, 2025, 5:23:18 PM # How to Make a T2 Corporate Tax Payment Using the CRA’s My Payment Service [Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://toroaccounting.ca/blog/how-to-make-a-t2-corporate-tax-payment-using-the-cras-my-payment-service) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://toroaccounting.ca/blog/how-to-make-a-t2-corporate-tax-payment-using-the-cras-my-payment-service) [Twitter icon](https://twitter.com/intent/tweet?url=https://toroaccounting.ca/blog/how-to-make-a-t2-corporate-tax-payment-using-the-cras-my-payment-service) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://toroaccounting.ca/blog/how-to-make-a-t2-corporate-tax-payment-using-the-cras-my-payment-service) [envelope icon](mailto:?body=https://toroaccounting.ca/blog/how-to-make-a-t2-corporate-tax-payment-using-the-cras-my-payment-service) Corporations in Canada must pay their corporate income tax (T2) by the required deadlines to avoid penalties and interest. One of the fastest and most secure ways to make a T2 payment is through the **CRA My Payment** service, which allows businesses to pay using a Visa Debit or Debit Mastercard—directly from the CRA’s official platform. This guide walks you through each step of the process so you can submit your T2 payment accurately and efficiently. ![T2 CRA my Payment](https://toroaccounting.ca/hs-fs/hubfs/T2%20CRA%20my%20Payment.jpg?width=1680&height=945&name=T2%20CRA%20my%20Payment.jpg) --- ## **Step 1 — Go to the CRA’s My Payment Page** Start by visiting the CRA’s official payment page: 🔗 **[https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html](https://www.canada.ca/en/revenue-agency/services/e-services/payment-save-time-pay-online.html?utm_source=chatgpt.com)** Once on the page, click **“Pay now using My Payment”**. ![](https://toroaccounting.ca/hs-fs/hubfs/image-png-Nov-23-2025-10-18-07-8131-PM.png?width=643&height=492&name=image-png-Nov-23-2025-10-18-07-8131-PM.png) --- ## **Step 2 — Select Your Payment Type** You will be taken to the “Select payment type” page. Scroll down to the **Businesses** section and choose: ##### ✔ **Corporation income tax (T2)** **![](https://toroaccounting.ca/hs-fs/hubfs/image-png-Nov-23-2025-10-18-35-9282-PM.png?width=606&height=564&name=image-png-Nov-23-2025-10-18-35-9282-PM.png)** --- ## **Step 3 — Select Your Payment Allocation** Depending on your corporation’s situation, you will be prompted to select one of the following: - **Payment on filing** - **Interim** - **Amount owing** - **Balance due** Most corporations making a payment after filing their return will use **Payment on filing**, but choose the option that applies to your circumstances. ![](https://toroaccounting.ca/hs-fs/hubfs/image-png-Nov-23-2025-10-18-56-7910-PM.png?width=576&height=508&name=image-png-Nov-23-2025-10-18-56-7910-PM.png) Click **Next** to continue. --- ## **Step 4 — Enter Your Corporate Tax Payment Details** On this page, you’ll enter: - **RC Account Number** (business number + RC program) \[Ex: 123456789 RT 0001\] - **Period end** (Year, Month, Day) - **Payment amount** ![](https://toroaccounting.ca/hs-fs/hubfs/image-png-Nov-23-2025-10-19-20-2887-PM.png?width=575&height=572&name=image-png-Nov-23-2025-10-19-20-2887-PM.png) Click **Next** when finished. --- ## **Step 5 — Review and Confirm Your Information** You will now see a summary of your T2 payment. Confirm that all details are accurate: - The correct **RC account** - Correct **payment allocation** - Correct **period end date** - Correct **amount** If anything needs changes, use the **Edit** option before moving forward. **![](https://toroaccounting.ca/hs-fs/hubfs/image-png-Nov-23-2025-10-20-21-1573-PM.png?width=488&height=458&name=image-png-Nov-23-2025-10-20-21-1573-PM.png)** Click **Confirm and proceed to pay**. --- ## **Step 6 — Select Your Payment Method** The CRA My Payment system supports: ##### ✔ Visa Debit ##### ✔ Debit Mastercard ❌ **Credit cards are not accepted.** **![](https://toroaccounting.ca/hs-fs/hubfs/image-png-Nov-23-2025-10-22-19-6678-PM.png?width=582&height=616&name=image-png-Nov-23-2025-10-22-19-6678-PM.png)** Click **Pay now**. --- ## **Step 7 — Complete Your Secure Checkout** You will be redirected to a secure payment portal where you will enter: - Cardholder name - Debit card number - Expiry date - CVV code **![](https://toroaccounting.ca/hs-fs/hubfs/image-png-Nov-23-2025-10-21-33-4653-PM.png?width=467&height=408&name=image-png-Nov-23-2025-10-21-33-4653-PM.png)** Once you click **Pay**, your transaction will be processed, and you will receive a confirmation screen. --- ## **Step 8 — Save Your Receipt** Always save or print your payment confirmation. This serves as proof of payment and is useful during corporate year-end, audits, or CRA correspondence. --- # **Final Thoughts** Using CRA My Payment is one of the fastest and easiest ways to stay compliant with your corporate tax obligations. Whether you’re making a payment on filing, an interim installment, or paying a balance due, following the steps above ensures your payment is applied correctly and on time. --- # **Need Help With Your Corporate Tax Payments?** At **Toro Accounting**, we support corporations across Ontario with T2 filings, installment planning, CRA compliance, bookkeeping, and full corporate tax management. If you’d like help with your return—or want us to handle your CRA payments for you—**reach out today and let our team make corporate taxes easy and stress-free.** [Tax](https://toroaccounting.ca/blog/tag/tax), [Corporation](https://toroaccounting.ca/blog/tag/corporation), [CRA](https://toroaccounting.ca/blog/tag/cra) ## Related posts [![](https://toroaccounting.ca/hs-fs/hubfs/Copy%20of%20CRA%20my%20Payment.jpg?height=200&name=Copy%20of%20CRA%20my%20Payment.jpg)](https://toroaccounting.ca/blog/how-to-make-payroll-source-deduction-payments-using-the-cras-my-payment-service?hsLang=en) [Corporation](https://toroaccounting.ca/blog/tag/corporation), [Payroll](https://toroaccounting.ca/blog/tag/payroll) ## [How to Make Payroll Source Deduction Payments Using the CRA’s My Payment Service](https://toroaccounting.ca/blog/how-to-make-payroll-source-deduction-payments-using-the-cras-my-payment-service?hsLang=en) [Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) Nov 23, 2025, 5:08:37 PM Paying your payroll source deductions (CPP, EI, and income tax withheld) on time is one of the most... [Read more](https://toroaccounting.ca/blog/how-to-make-payroll-source-deduction-payments-using-the-cras-my-payment-service?hsLang=en) [![](https://toroaccounting.ca/hs-fs/hubfs/CRA%20my%20Payment.jpg?height=200&name=CRA%20my%20Payment.jpg)](https://toroaccounting.ca/blog/how-to-pay-your-hst-remittance-online-with-the-cra-my-payment-service?hsLang=en) [Corporation](https://toroaccounting.ca/blog/tag/corporation), [HST](https://toroaccounting.ca/blog/tag/hst), [Sole-Proprietorship](https://toroaccounting.ca/blog/tag/sole-proprietorship) ## [How to Pay Your HST Remittance Online with the CRA “My Payment” Service](https://toroaccounting.ca/blog/how-to-pay-your-hst-remittance-online-with-the-cra-my-payment-service?hsLang=en) [Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) Nov 23, 2025, 4:30:44 PM If you’re a business required to remit HST, knowing your payment options is key. One convenient... [Read more](https://toroaccounting.ca/blog/how-to-pay-your-hst-remittance-online-with-the-cra-my-payment-service?hsLang=en) [![](https://toroaccounting.ca/hs-fs/hubfs/Untitled%20design%20(16).png?height=200&name=Untitled%20design%20(16).png)](https://toroaccounting.ca/blog/payments-cra?hsLang=en) [CRA](https://toroaccounting.ca/blog/tag/cra) ## [How to Make Payments to the CRA (Step-by-Step Guide)](https://toroaccounting.ca/blog/payments-cra?hsLang=en) [Camilo Toro](https://toroaccounting.ca/blog/author/camilo-toro) Apr 21, 2026, 10:06:38 AM Paying your taxes on time to the Canada Revenue Agency (CRA) is essential to avoid interest and... 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