 Hello everyone, this is financial author Amit Dan of amitdan.com On this channel you'll find financial travel and more videos just like the one you're watching right now. If you like what you see, please give it a thumbs up and consider subscribing. Hello everyone, this is Amit Dan of amitdan.com Very short post today. PayPal just announced that you'll be able to pay counter-reference agency or CRA taxes on their website using PayPal. You'll be able to use your bank card, Visa, debit card or credit card to pay your taxes if you owe them anything using PayPal. And the third-party company PayPal we'll be using to process this transaction is a company called Source. And this is just another news for those who'd like to do everything electronically. About 80% Canadians pay their taxes electronically and PayPal in Canada has about 6.5 million customers. So if PayPal can get some of these people to pay electronically using PayPal, that's a lot of money for them. I'd like to mention that whenever you're paying your taxes on a Canada revenue agency website, there are service charges. And if you're using PayPal, then the service charge is 2.29% because the third-party is involved and everyone has to make money. So keep in mind that you'll be spending money on fees and transaction costs. The recent feature of using PayPal to pay your taxes will benefit small businesses as well. And also it will be beneficial to those who live in foreign countries because it's not convenient to pay from another country using electronic fund transfer or other means of payment. So PayPal definitely will be a lot of help for these people. And estimated 2.8 million Canadians live abroad and some of them have to pay taxes to Canada. So definitely this feature is going to be helpful for those as well. So that's all for today. If you like what you see, please give it a thumbs up and consider subscribing. There will be more videos coming up and I'll see you shortly. Thank you.