Virtual Tax Filing in Mississauga - Mississauga Accounting Firm | Hotay CPA

Virtual Tax Filing in Mississauga


Due to the existing situation and the pandemic, virtual tax filing was necessary by the Mississauga authorities. Before that, many businesses are online or do business exclusively online. Although this is perfect for revenue and income, several tax problems were raised.

Tax filing for e-commerce businesses, tax filing for Shopify, and amazon stores were necessary as well. So a virtual tax filing system of payment was established.

Virtual tax filing helps you still have a tax advisor complete your taxes without arranging a conference and putting together the binding papers you received to file your tax return.

Where to File Virtual Taxes in Mississauga

You can use multiple online payment options to pay your company taxes during the postal disturbance in Canada Post! The safe, easy-to-use digital resources empower you to manage your taxes online. You will have to do everything in your power to pay to the Canada Revenue Agency (CRA) on schedule, even after a postal interruption.

You should use the following online platforms to satisfy your tax commitments in good time to escape late sanctions and expenses.

My Payment

My payment is an electronic payment program that helps organizations pay directly to the CRA through their bank access cards to their accounts. To use My Payment, you do not have to enroll in any program; no need to fill any forms or register for anything. You can pay to multiple CRA account in one single transaction without any hassle and unnecessary waiting.

To do so, follow the steps given underneath:

  • Go to My Payment
  • Make sure you have your account number for your 15 digit CRA program
  • Then it’s as simple as following the instructions on your screen

What do you need to get started

So what do you need to get started with the My Payment? My Payment doesn’t accept credit cards, so if you are looking for an option that takes credit card, then My Payment is not for you. But it does offer some alternative methods to use credit cards.

To use My Payment, you require an activated visa/MasterCard/Interac debit cards.

Outgoings are usually received by the CRA the same day or next business day. To evade fees and interest, please make sure you pay on time.

Pre-Authorized Debit

When you use My Business Account, you can set up a Pre-Authorized Debit (PAD). In this, you allow or give consent to the CRA to withdraw a pre-determined amount of cash from your bank account to pay tax on our behalf on a specific date every month.

What is a My Business Account

A Business Account is bank accounts under the name of an agency. On behalf of their employer or corporate clients, employees and representatives can access their accounts. Business owners including, partners, directors, and officers, can take a look at their GST/HST, payroll, taxes, and other levies account statements as well.

How to Apply

To apply for the Pre-Authorized Debit, you can follow the steps given below:

  • Login to Mu Business Account
  • On the welcome page, go to “Pre-authorized debit” under Make Payments.
  • Click on “Create new Agreement.”
  • Now follow all the steps given on the screen.

You can also set up Pre-Authorized Debit in Mississauga using CRA BizApp.

Usage of My Business Account

My Business Account is also accessible to businesses and not very suitable for an ordinary person. These are used to pay corporate taxes.

This useful, though, for tax filing for e-commerce businesses. They can get a Business Account and pay taxes with ease. Unfortunately for a typical person without a business, it isn’t a great way t pay their taxes.

Virtual Tax Preparation

The preparation of virtual tax does not require filing your tax return using the DIY tax app. Instead, a specialist files the tax returns for you without you even leaving home or office.

With the Virtual Tax Planning method, you basically arrange your initial consolation with authority on living taxes to determine your tax position and priorities through the video call. After you have done writing your return, your tax professional will arrange an interactive media review meeting and file your returns electronically upon acceptance.

These professionals take their job very seriously and provide you instant help and offer packages that will give the value for your buck.

How Secure Virtual Tax Preparation?

These take consumer critical data protection very seriously. They use a high degree of encryption technology for sharing consumer information, the same technology for accessing online banking information. Your local accountancy office processes your confidential financial information in a highly secure cloud system rather than by a standard filing office; the story is more secure and protected.

What To Check For In These Agents

To guarantee that the virtual tax agent you hired is taking your work ethically and correctly following are some things to look out for:

  • Go through their website; if they don’t have a website, ask for any social media they use. If non of the options are available, then it’s a red flag.
  • Go through their customer reviews, and if there are any bad reviews, read through them and process if it was the assistant’s mistake or the client’s.
  • Interview your agent on a live video call to get to know him/her better.

These agents also provide you with virtual bookkeeping so you can keep track of your record as well. These agents are a great way to pay your taxes in Mississauga on time

Note: If you have property taxes, investment taxes, and other forms of taxes involved, then finding a virtual assistant can be difficult as all the agents don’t specialize in every field.


You can easily get your tax paid virtually; then, these options are the best and secure. There is no need to hassle with a record of file and wait in lines to get your turn. Pay these taxes online with no problem. You can get your taxes filed with a click of a button. If you opt for an agent, there is no need to worry at all. Just sit back and relax.

Hotay Professional Corporation
315 Traders Boulevard East, Unit #4
Mississauga, ON
L4Z 3E4
Tel: 905-281-3450
Fax: 905-281-1686

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Hotay Professional Corporation
315 Traders Boulevard East, Unit #4
Mississauga, ON L4Z 3E4

"Saving businesses one file at a time"