Month: February 2025

Expert Fiscaliste Portal

Portal

The Expert Fiscaliste portal is designed to securely and simplify the sharing of documents between Expert Fiscaliste and our clients.  Clients can easily upload relevant documents, without the need to bring documents to our office.  No longer are clients required to schedule an appointment to sign tax returns.  Clients are now able to access the tax returns and other documents at their leisure, sign them, upload back to the Expert Fiscaliste Portal, without the need to come to our office.

We will send you a email invitation to join our portal, click the link to the login page and either register (to activate) or login (existing account). If you have any questions, please do not hesitate to Call 514-954-9031 or visit our page Contact Tax Experts 

Here are YouTube videos (English or French to help you access the Expert Fiscaliste Portal

TRAINING ON HOW TO USE THE PORTAL

ENGLISH: Client’s Video Guide to Expert Fiscaliste CCH iFirm Portal

https://www.youtube.com/watch?v=TWP4TyLf118&t

FRENCH: Guide client de Expert Fiscaliste CCH iFirm Portail

https://www.youtube.com/watch?v=fdtVyssamPg

File Sharing

Expert Fiscaliste Portal and File Sharing increases productivity, eliminates the need to copy and print mounds of paperwork.  It’s easier on our clients and improves your services to you our client.   Please consider these services to improve the services that you our client receive, and best of all it saves time and it a free service to all our valued clients.

If this service is good for you, sent us a email to will@expert-fiscaliste.ca   and we will send you the link to get you started. 

For more information of Expert Fiscaliste’s Portal or File sharing with us see our page https://www.expert-fiscaliste.org/expert-fiscaliste-portal-and-file-sharing/

About Expert Fiscaliste

Call 514-954-9031
Call 514-954-9031

The Expert Fiscaliste portal is designed to securely and simplify the sharing of documents between Expert Fiscaliste and our clients. Expert Fiscaliste provides income tax preparation and consulting services to individuals and businesses.

If you want to take advantage of our services:

File Your 2024 Tax returns Now

File Your 2024 Tax returns Now at Expert Fiscaliste the Netfile and Refile systems for CRA and Revenu Quebec are now open. Call 514-954-9031.

Let Us Prepare Your 2024 Personal Taxes

Let us Prepare your Tax Returns for 2024
Let us Prepare your Tax Return

We offer convenient, accurate, and affordable preparation for all types of tax returns. We’re equipped to handle any tax situation, including personal returns, rental properties, estate/trust, U.S returns, corporations, and more. We’ll make sure that you get the maximum refund possible, and we will provide you with tax support after the tax returns are filed. Download our three simple steps to complete your tax return here.

Individual Tax Returns – Document Checklist -2024

See the documentation that Expert Fiscaliste requires to be able to complete your tax return professionally and accurately. Download our checklist here.

NETFILE service for 2024 returns

File Your 2024 Tax returns Now
File Your 2024 Tax returns Now

The Canada Revenue Agency (CRA) and Revenu Québec has announced that its NETFILE service for the online filing of individual income tax returns for the 2024 tax year will be available beginning Monday, February 24, 2025.

Detailed information on the Agency’s NETFILE service, can be found on the CRA website at https://www.canada.ca/en/revenue-agency/services/e-services/digital-services-individuals/netfile-overview.html.

NETFILE service for prior years Returns

The NETFILE and ReFILE services are now closed for the electronic filing of your initial and amended T1 personal income tax and benefit return. NETFILE and ReFILE services will re-open on Monday, February 24, 2025.

About Expert Fiscaliste

Call 514-954-9031
Call 514-954-9031

File Your 2024 Tax returns Now at Expert Fiscaliste the Netfile and Refile systems for CRA and Revenu Quebec are now open. Call 514-954-9031. Expert Fiscaliste provides income tax preparation and consulting services to individuals and businesses.

If you want to take advantage of our services:

Tax Due Dates and limits for the 2025 tax year

Each new tax year brings with it a schedule Due Dates and limits for the 2025 . Some of the more significant dates and changes for individual taxpayers for 2025 are listed below:

Registered retirement savings plan (RRSP) deduction limit and contribution deadline

The RRSP current year contribution limit for the 2024 tax year is $31,560. In order to make the maximum current year contribution for 2024 (for which the contribution deadline will be Monday March 3, 2025).

Tax-free savings account (TFSA) contribution limit

The TFSA current year contribution limit for 2025 remains at $7,000. The actual amount which can be contributed by a particular individual in 2025 includes both the current year contribution limit and any carryover of uncontributed or re-contribution amounts from previous taxation years.

Taxpayers can find out their individual 2025 TFSA contribution limit by calling the Canada Revenue Agency’s automated Tax Information Phone Service (TIPS) at 1-800-267-6999, where that information will be available from mid-February to the end of December. Taxpayers who have registered for the CRA’s online tax service My Account can obtain that information by logging into My Account.

A TFSA contribution can be made at any time during the taxation year.

Lifelong Learning Plan (LLP)

The student must have received a written offer to enroll before March of the year after you withdraw funds from your RRSPs.

Generally, your cancellation payments for the LLP are due by December 31 of the year after the year you received the funds. For more information, refer to Cancelling a Lifelong Learning Plan withdrawal.

First home savings account (FHSA) contribution limit for 2024

You can open an FHSA starting April 1st, 2023.

Your maximum participation period begins when you open your first FHSA and ends on December 31 of the year in which the earliest of the following events occur:

  • The 15th anniversary of opening your first FHSA
  • You turn 71 years of age
  • The year following your first qualifying withdrawal from your FHSA

If you opened an FHSA in 2024, you can claim up to $8,000 in FHSA contributions you made by December 31, 2024, as an FHSA deduction on your 2024 income tax and benefit return.

For more information on FHSAs, refer to First Home Savings Account (FHSA).

Registered Disability Savings Plans (RDSPs)

The deadline for opening an RDSP, making contributions and applying for the matching Grant and the income-tested Bond for the 2024 contribution year is December 31, 2024.

For more information, refer to Opening an RDSP.

Advanced Life Deferred Annuities (ALDAs)

An annuity payment from an ALDA must be started before the end of the year in which you turn 85 years of age.

For more information on ALDAs, refer to How to purchase an advanced life deferred annuity (ALDA).

Individual Tax Due dates for tax instalment deadlines for 2025

Individual taxpayers may be requested to pay income tax by quarterly instalments, which are due on the 15th days of March, June, September, and December 2025. Where the 15th of the month falls on a weekend or a statutory holiday, the instalment payment deadline is extended to the next business day.

The actual tax instalment due dates for 2025 are as follows:

  • Monday March 17, 2025
  • Monday June 16, 2025
  • Monday September 15, 2025
  • Monday December 15, 2025

Old Age Security income clawback threshold

For 2025, the income level above which Old Age Security (OAS) benefits are clawed back is $93,454.

Individual tax payment and filing deadlines in 2025

For all individual taxpayers, including those who are self-employed, and Non-residents the deadline for final payment of any balance of 2024 taxes owed is Wednesday April 30, 2025. Payments made after this date will be subject to interest and penalties. Generally, the CRA does not charge a difference of $2 or less. Do not mail cash or include cash with your return.

Self-employed taxpayers, their spouses, and non-residents must file an income tax return for 2024 on or before Monday June 16, 2025

About Expert Fiscaliste

Quebec RL-31

Tax Due Dates and limits for the 2025 tax year. Expert Fiscaliste provides income tax preparation and consulting services to individuals and businesses.

If you want to take advantage of our services:

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