Canadians can now charge their personal income tax to the credit card of their choice.
The Canada Revenue Agency (CRA) has recognized online payment platform Plastiq Inc. as a means to use a credit card for payments, the Boston-based company said Tuesday.
“With Plastiq, a credit card is now a viable option to pay personal income tax, providing consumers with new choices and flexibility to strategically manage payments while capitalizing on the rewards offered by their credit card provider,” said Eliot Buchanan, co-founder and CEO of Plastiq.
Plastiq currently works with merchants across North America, representing the education sector, boating and automobile industries as well as real estate and rental markets. To ensure consumers are provided with a variety of payment choices, Plastiq has developed partnerships with leading financial institutions including MasterCard Worldwide and American Express.
For a fee of 2% per transaction, Plastiq allows Canadians to make large payments via their American Express, MasterCard, or Visa card to merchants who would previously accept only cash or debit.
“The Plastiq proprietary platform ensures transaction security, privacy, and an exceptional customer experience,” adds Daniel Choi, co-founder and chief operating officer, Plastiq.