When using either bank's electronic tax filing service you are actually completing an electronic form using either a telephone or a personal computer. This form replaces the paper-based tax return and cheque that is traditionally mailed to Revenue Division. Your bank will electronically transmit both the tax return and payment based on your authorized instructions and provide you with a confirmation of your remittance for your records. Telephone payment is only available from Royal Bank's Payment-Filing Service. Tax filing can be done easily and conveniently from within the comfort of your own place of business or home.
Payments are secure and on time thus avoiding costly late filing penalties.
There are minimal start-up costs with bank's electronic tax filing programs. You simply require a telephone or PC and modem. Cheque processing, postage and other administrative costs are reduced. Systems operate within the highly secure banking environment. Individual access can be tailored to suit your own business needs.