LifeBuzz Canada Resources news explains direct deposit in Canada: how it works & how to set it up as electronic fund transfers from one bank account to another, functioning as secure digital pipelines through which companies send instructions to banks to credit specific amounts on specific days, without printing paper cheques. Understanding the fundamentals of direct deposit helps Canadians recognize that this system serves as the payroll backbone for most Canadian workers and as the government payment delivery method for tax refunds and benefits, providing fast, secure, convenient payment receipt.