You do not have to enter your personal banking information on TurboTax software. The CRA will transfer the full amount of your refund directly to your instalment account. It will go toward any amount owing on your tax return. The CRA will consider this payment received on the date your return is assessed.
If this is your first return and you have not signed up for a direct deposit with CRA, then you will receive a cheque by mail along with your Notice of Assessment from CRA.
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