In late March 2025, Chexy made a big splash by expanding its offerings allowing for new opportunities for sustainable earning - supporting credit card payment of personal taxes and multiple new types of payment methods for bills. Since then I've been hard at work with them to launch physician specific features and I'm excited to launch the early Beta of a BIG one - Corporate taxes. After a period of internal testing, and then subsequent small scale testing with community members (Thanks everyone!) with payments processing perfectly on the backend, Chexy has given me the greenlight to extend this to the Chexy x RewardsMD beta stream. Check out the other articles about Chexy x RewardsMD here.
As always you can find more Referral information and Disclaimers at the end of the article.
Already signed up? Jump ahead
Signing up
Sign up via the exclusive referral link to flag your account as potential Physician/Dentist/professional and you'll be eligible for 15,000 AP points if you process at least $15k in payments by September 15th (should be a lot easier with corp taxes!). This is in addition to the currently available new account offer shown below
AND this is in addition to the points you'll earn on whichever card you use, imagine if you're using this to get a big sign up bonus! Alternatively, if that timeline is too tight or your spending is far greater, you can sign up here for a new small business promo.
If you already have an active Chexy account but have not verfied with the Chexy x RewardsMD program, email as per above to get access to early features - you just wont be eligible for the additional points.
Beta
Edit to update: Front end changes are live as is RQ support and one time payment!
We have moved from an early beta into a more widespread beta release, that means this is open outside of the RewardsMD group to all small businesses. If you're new to Chexy you can sign up for the RewardsMD promo which ends Sept 15th, or the more widely available small business promo. They have put out the front end changes as well, so gone is the strange process of running it through Property Taxes. The fee is 1.75% (well below paysimplys 2.5%) and this spend is eligible towards your chexy promotions. Also, unlike paysimply you can schedule recurring monthly payments - I guess I'll have to redo my article on turning taxes into rewards!
Follow the steps for each tax type separately (eg. both for corp installments and payroll remittances), there are two main steps, first to generate your chexy pad details, and second to give them to the CRA.
Step 1: Generate your Chexy PAD Details
In a new browser tab go to your chexy.co account and set up a new payment, the front end changes are now live so you will see "Business taxes & remittance" as an option.
Select Pre-Authorized Debit (PAD) - at this time this is the only supported payment method for CRA corp taxes with Chexy (jump forward for RQ Corp taxes)
Next enter your payment amount and a nickname to help identify the payment (this is for your records not CRA)
For regular instalments select monthly, you can always come back to edit the amount, or pause to skip months if paying quarterly. You can alternatively select one time payment if this is an on-filing, arrears or similar isolated payment.
Select payment date (if you already have PAD setup with CRA then this will be easy to get in subsequent steps if you're unsure)
Payroll taxes are due by the 15th of each month, do not schedule payroll taxes to pay after the 15th as it may be misallocated as a late payment for this month instead of an early payment for next month. It can take a few days to process so we recommend considering a payment date of 1st-10th.
Corporate monthly instalments are due before the end of the month, given potential processing delays we recommend considering a payment date 1st-25th.
CRA's processing time for editing an existing PAD or creating a new one is 5-6 business days. IF YOU HAVE A PAYMENT DUE SOONER THAN THIS, YOU WILL HAVE TO PAY AS YOU WOULD NORMALLY. This is a CRA side limitation for PAD agreements.
Make note of the PAD details generated for this payment
Step 2: Give your Chexy PAD details to CRA
The easiest way to do this depends on your situation
Pre-existing PAD ie. cra currently pulls the payments from your bank
No pre-existing PAD ie. you push the payment via bill pay from your bank or paysimply
Pre-Existing PAD
Because you already have a PAD agreement we just need to update it to share the new Chexy details.
In a separate tab, sign into your business CRA page, click on Manage pre-authorized debit to see your current PAD agreements.
Click on the relevant agreement you're changing to Chexy
Provided your payment is greater than 5 business days away, you should have the ability to edit your PAD (shown is for corp installments)
Click edit, if it is a payroll payment the date should be before the 15th and we recommend having payment dates as early as reasonably possible (currently Aug 7th). In any case these payment dates and amounts should be the same as the payment you are setting up on Chexy. Towards the bottom will be the option to enter new banking info, this is where you enter the PAD information generated on Chexy, note that you will have to repeat all these steps with new PAD information to have both payroll and corp installments setup.
No Pre Existing PAD - Corporate Installments
If you do not already have a PAD setup to edit, you'll have to setup a new PAD agreement with CRA
For corp installments see below, for payroll remittances, jump ahead as the option is in a different location on CRA. GST follows a similar approach to corp installments.
From the main page of your CRA business account find your Corportion income tax account, and click view and pay account balance.
Enter the desired amount and select the appropriate year (this one for installments) and click proceed to pay
Indicate that you want to schedule recurring payments
Fill the fields accordingly (remember chexy only supports monthly recurring payments currently)
This is where you will enter the PAD details generated from Chexy. Provided you have saved both the Chexy PAD setup, and the CRA PAD setup, you're done. Chexy will bill your card in advance of the payment date, then the CRA will pull the money from Chexy on the pre-determined date. The payment typically posts onto CRA in 1-2 business days. If you want to change the payment amount, remember you have to edit both the chexy amount and the cra amount.
No Pre Existing PAD - Payroll Remittance
For Payroll remittances the option is in a slightly different location vs corporate installments. On the main page of your business CRA account select manage pre-authorized debit
Then click "schedule payments" and on the next page select the appropriate account (your RP0001 payroll assuming you only have the one payroll account), and payment allocation (regular remittance - chexy does not currently support automated frequencies other than monthly).
This is where you will enter the PAD details generated from Chexy. Provided you have saved both the Chexy PAD setup, and the CRA PAD setup, you're done. Chexy will bill your card in advance of the payment date, then the CRA will pull the money from Chexy on the pre-determined date. The payment typically posts onto CRA in 1-2 business days. If you want to change the payment amount, remember you have to edit both the chexy amount and the cra amount.
RQ Corp Taxes
Unlike CRA corp taxes, RQ Corp taxes are under the normal Income Tax payment option
Select bill pay here - note bill pay is not supported for CRA Corp taxes at this time
While it says "We only support individual tax payments" at the top, be reassured that Corporate RQ payments are supported through this page.
Enter your RQ corp tax payment code as you would for payments from your bank account
Note that recurring RQ payments are not currently supported, so you will have to do this each time you make a payment. If there is sufficient demand for RQ, then recurring payment support may be developed.
Summary
To summarize - generate a recurring PAD for each tax type on Chexy, then edit or create a corresponding PAD agreement with the CRA. This will then give you recurring tax payments via Chexy. If you need varying payment amounts you'll have to edit BOTH the Chexy and CRA amounts, and be aware of the 5 business day timeframe for CRA PAD adjustments, but for people with consistent payments this is a super easy way to generate a LOT of points.
Is it worth it?
You may or may not have seen my previous articles about turning taxes into rewards - the math made sense before even with Paysimply at higher fees, and now it makes even more sense with lower fees and greater automation. To top it off, it will make it trivial for many to get the Chexy x RewardsMD bonus Aeroplan points.
I've dived deep into comparing cards for ongoing use with Chexy. Beyond that, if you don't already have a good card for this, you could sign up for one and get a sign up bonus on top of it all. This could add 50-200k in additional points depending on the card. Not sure what card to pick? You can check out our card comparison tool, my favourites are the Business Platinum, Business Aeroplan Reserve, and Business Avion Visa Infinite. These cards all earn 1.25x of a highly valuable point useful for aspirational business class travel. I would strongly recomend you consider an Amex card when in doubt - due to Chexy's tight integration with Amex, your credit card statement will show the labeling for your payments making bookeeping easier (shown below is amex vs visa)
You could also reach out to chat about the current best offers (including unlisted ones) and what fits for your situation.
Our Take
Chexy was already one of a short list of top sustainable techniques for earning points. We've partnered to create a program that adds a stack of bonus points and gets you in line for even more features and opportunities. If you're a physician or doctor who hasn't already signed up, now is the time, sign up here to get into the program, alternatively apply for the general small business promo. Chexy is giving us exclusive early access to corporate taxes at a rate that significantly undercuts the competition. Setup is a little bit rough around the edges, but the payoff is SO worth it . Check out the main article on Chexy x RewardsMD to follow along as I continue to advocate for new features for us.
Referrals
Check out new card comparison page
If you're considering any business cards, reach out to me directly, your business situation is likely a bit more complex and may benefit from my expert help, so reach out! We can select the best card, and discuss your overall strategy.
If you're on the fence, or wondering about other cards reach out to me for a free consult, and if you sign up for a card through my link, let me know and I will walk you through advanced tricks and personalized advice to help you get the maximum benefit both from earning and redeeming points - getting your travel journey going faster than you ever thought possible.
Check out my Keeper Cards series to see other cards worth exploring
Disclaimer
This should not be taken as financial advice and details are subject to change. I have made good intentioned efforts to be accurate but ultimately consult card terms and conditions. I may receive points or other compensation from some of the included links. Be sure to discuss issues of taxation with your accountant if relevant.
