Hi there, Shadi. Once you’ve set up payroll tax payments in QuickBooks and approved the payment, the time it takes to complete depends on two things: how QuickBooks processes the payment and how long it takes for the CRA to officially receive it.
Here’s how it works:
- After you approve the tax payment in QuickBooks, it takes 2 business days for the payment to process. This means the money will be withdrawn from your bank account after 2 business days.
- Once the funds are withdrawn, the Canada Revenue Agency (CRA) will review and process the payment. Updating their system can take an additional 1 to 2 business days, depending on their workload.
For more details, you can visit this link: Make payroll tax payments in QuickBooks Online Payroll
If you have any other questions, feel free to comment below.
