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The Government prefers to use Direct Deposit, which has been observed to be consistently executed shortly after midnight Pacific time. This is an unpublished operational detail that ensures all Canadians receive these payments at the same time, regardless of their time zone of residence.
Get a direct deposit form from the payer. For instance, if you want to set up direct deposit for your paycheck, you’ll get the form from your employer. Your bank may also have a form...
Refunds are paid by cheque or direct deposit, with the direct deposit being the quicker option of the two. In some cases the CRA may keep some or all of a refund. These cases include owed tax balances, Garnishment, and the existence of outstanding government debt. References
According to the CRA website: It is secure and confidential. File your returns directly from one of the NETFILE-certified products available using the NETFILE webservice. Refunds are issued faster (in most cases, with direct deposit, you can receive your refund in as little as eight business days).
A split direct deposit gives you the ability to deposit your paycheck into multiple accounts. You can do this by depositing a percentage or set amount in your chosen accounts each pay period. Here ...
The number is given as one of the following forms, where XXXXX is the transit number and YYY is the financial institution number: XXXXX-YYY for MICR -encoded documents. 0YYYXXXXX for electronic funds transfers. A leading zero is used when formatting a routing number for electronic payments.