Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
CRA My Account is a secure platform created by the Canada Revenue Agency that allows you to access your personal and business income tax information in a safe manner. Having the ability to view all of your tax information in one place is more convenient, as it allows you to plan and prepare for tax debts and payments and can help you stay on top of your taxes and financial health.
There are two ways to open a CRA My Account. First, you can create a “My Account for Individuals, and sign up through the CRA’s website. The second option is to access sign-in services through a CRA partner, most often a financial institution, like a bank.
A secure portal, My Account is for individuals that wish to view their personal income tax and benefit information. My Account allows you to handle your tax tasks completely online. The My Account option for individuals can be created through the Canada Revenue Agency’s website. Before you can register, you’ll need to have the following information:
You will need to input the above information when you register for a CRA My Account. On that webpage, you can create a username and password to log in with, as well as security questions and answers to protect your account. It’s important to make your security questions difficult for anyone other than yourself, as CRA accounts have fallen victim to data breaches in the past. At this stage, you have limited access to your tax information.
Once you finish creating your security questions and log-in info, you’ll be given a CRA security code. Then, you can visit the CRA log-in page and log into the portal with your username and password, and input the security code when prompted. After inputting your security code, you will have greater access to your tax information.
Learn how to file your taxes as a couple.
Similar to creating an account for CRA My Account, the Sign-in Partner option allows you to sign in to your CRA account using information that you’ve already used for a log-in portal with a partner, usually a bank or other financial institution. The CRA introduced this option to make online tax services more accessible and convenient for users to access. By allowing people to use a bank credential for their tax information, their financial situation can be accessed through one login, resulting in one less username and password to worry about.
It’s also important to note that the CRA does not share your tax information with your financial institution, despite having them as a sign-in partner
The CRA allows the following sign-in partners to be eligible for login:
Opening a CRA My Account gives you greater financial health and knowledge since you are more aware of your tax situation. Here is a more extensive list of benefits.
Find out the difference between a tax credit and a tax deduction.
Creating a CRA account is a step towards greater financial awareness. To achieve financial success and sustainability, it’s important to be aware of your financial situation, including debts owed, tax information, and correspondence with the CRA.
Rating of 3/5 based on 5 votes.
Save time and money with Loans Canada. Research and compare lenders before you apply. Share your experiences with Canada's top lenders.
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Don’t pay until March with this offer from our partner, Fairstone.* Ends January 31st.
New Offer! Get up to $2,000 cashback + a $50 bonus on signing up. Conditions apply.
Earn an average 5%¹ cash back at thousands of partners and at least 0.5%² cashback guaranteed.
With KOHO’s prepaid card you can build a better credit score for just $10/month.
All consultations and conversations with Loans Canada and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster. Loans Canada and its partners will never ask you for an upfront fee, deposit or insurance payments on a loan. Loans Canada is not a mortgage broker and does not arrange mortgage loans or any other type of financial service.
When you apply for a Loans Canada service, our website simply refers your request to qualified third party providers who can assist you with your search. Loans Canada may receive compensation from the offers shown on its website.
Only provide your information to trusted sources and be aware of online phishing scams and the risks associated with them, including identity theft and financial loss. Nothing on this website constitutes professional and/or financial advice.