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This version of the form is not currently in use and is provided for reference only. Download this version of
Form T185
for the current year.
Form T185 Electronic Filing of a Pre-authorized Debit Agreement - Canada
Form T185 Electronic Filing of a Pre-authorized Debit Agreement - Canada is used for authorizing the Canada Revenue Agency (CRA) to withdraw funds directly from your bank account for the payment of taxes, such as individual taxes or GST/HST remittances.
The Form T185 for Electronic Filing of a Pre-authorized Debit Agreement in Canada is filed by the individual or organization who wishes to authorize the debit agreement.
FAQ
Q: What is Form T185?
A: Form T185 is an electronic filing form used in Canada for the pre-authorized debit agreement.
Q: What is a pre-authorized debit agreement?
A: A pre-authorized debit agreement is an arrangement that allows an individual or organization to automatically withdraw funds from your bank account on a specified date.
Q: Who uses Form T185?
A: Form T185 is used by individuals or organizations who want to set up a pre-authorized debit agreement with a bank account in Canada.
Q: Is Form T185 mandatory?
A: No, Form T185 is not mandatory, but it is recommended for individuals or organizations who want to have a written record of their pre-authorized debit agreement.
Q: Do I need to submit Form T185 to the CRA?
A: No, you do not need to submit Form T185 to the CRA. It is for your records only.
Q: What information is required on Form T185?
A: Form T185 requires information such as your name, address, banking information, and the details of the pre-authorized debit agreement.
Q: Can I cancel a pre-authorized debit agreement?
A: Yes, you can cancel a pre-authorized debit agreement at any time by notifying your financial institution in writing.
Q: Is there a fee to set up a pre-authorized debit agreement?
A: Some financial institutions may charge a fee to set up a pre-authorized debit agreement. You should check with your bank for their specific policies.
Q: Are there any risks with pre-authorized debit agreements?
A: While pre-authorized debit agreements are generally convenient, there is a risk of unauthorized withdrawals if your banking information is compromised. It is important to review your bank statements regularly and report any suspicious transactions to your financial institution.
