For the envelope, use this address:
Canada Revenue Agency
PO Box 3800 STN A
Sudbury ON P3A 0C3
Make the check payable to:
Receiver General
On the memo field of the cheque write:
- business number
This is the info for wire transfers, but shows how CRA views a business in terms of identifying pieces of information:
- business number
- business name
- period end date
- fiscal year
- return/remittance
- Provide a copy of your tax remittance or GST/HST return/remittance by fax to the CRA:
- Attention: Revenue Processing Section
- Fax: 204-983-0924
References:
https://www.djb.com/2019/04/how-to-make-a-payment-with-canada-revenue-agency/
https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/pay-cheque.html
How to calculate how much stock you want to buy
To calculate first the percentage of your funds you want to spend on a given stock, take your amount multiplied by the percent (We have $90000 and want to spend 20% of that, so we type in 90000 x 0.2 = ). We now know we want to spend not more than $18000.
Now subtract the commission for the stock purchase ($9.99). Then divide the remaining number (17990) by the ask price of the stock ($32.77), like this: 17990 / 32.77 = . Round the number you get down to a whole number (remove the numbers after the decimal). Now you know you want to buy 549 stocks at the price of $32.77 each, which won’t cost more than $17,990.
You can check your math by multiplying the number of stocks (549) by the price (32.77). 549 x 32.77 = 17990.
