Stay ahead of the 2025 tax season by keeping track of key deadlines. Timely filing ensures you maximize benefits, avoid penalties, and streamline your tax payments. Here’s your guide to the essential tax deadlines for the 2024 tax year:
January 1, 2025:
- Start of the contribution room for Tax-Free Savings Account (TFSA). The contribution limit for 2025 is $7,000.
- Beginning of filing period for Vacant Home Tax in cities like Toronto and Ottawa. Check your city’s official website for specific filing details.
February 24, 2025:
Netfile/Efile opens for the 2025 tax filing season, allowing online submission of tax returns for the 2024 tax year. February 28, 2025:
Deadline for employers, corporations, banks, and financial institutions to issue T-slips (T4, T5, etc.). March 3, 2025:
Final day to contribute to your RRSP to be eligible for deductions in the 2024 tax year.
April 30, 2025:
- Deadline for filing personal tax returns for the 2024 tax year.
- Deadline for paying any outstanding taxes to avoid interest charges.
June 16, 2025:
Deadline for self-employed individuals and their spouses to file taxes. Note: Taxes owed must still be paid by April 30.
Quarterly Installments for 2025:
Individuals required to pay taxes by installments should mark these dates: March 15, June 15, September 15, and December 15, 2025.