Expert Fiscaliste’s Individual Tax Calendar is neither a comprehensive review of the subject matter covered nor a substitute for specific professional tax advice. The tax dates discussed in this publication may or may not be appropriate for you. We encourage you to consult with an independent tax professional to confirm the relevant deadlines and the anticipated implications to your particular situation (with respect to the current tax legislation).
While most Canadians are aware of the normal April 30 personal income tax filing
deadline, there are other important tax deadlines found in Individual Tax Calendar that must be observed over the course of the year – especially if you want to take advantage of certain tax deductions and credits. The Individual Tax Calendar summarizes several important dates on the Individual Tax Calendar offers some tips to help you with your overall wealth planning. Where a deadline falls on a weekend or a holiday recognized by the Canada Revenue Agency (“CRA”), the deadline is generally extended to the next business day.
January
1-Jan
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. For more information see https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributions.html
First home savings account (FHSA) contribution limit for 2025
The FHSA current year contribution limit for 2025 is $8,000. The actual amount which can be contributed by a particular individual includes both the current year contribution limit and any carryover of uncontributed amounts from previous years, to a maximum carryover limit of $8,000.
There is a lifetime per individual limit of $40,000 in contributions to an FHSA, and an FHSA contribution can be made at any time during the taxation year.
Individual tax instalment deadlines for 2025
Millions of individual taxpayers 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.
26-Jan
Interruption of services – System maintenance
Some Canada Revenue Agency systems will be undergoing annual maintenance. As a result, the following service interruptions will occur during the time frames noted below:
Online filing of prior year tax returns available until January 26
Canadian taxpayers can still file individual income tax returns for the 2017 to 2022 tax years using the Canada Revenue Agency’s online tax filing service NETFILE.
The NETFILE filing service provided for prior year returns will be available until Friday January 26, 2024. After that date, the NETFILE service will be offline and unavailable until it re-opens (around the middle of February) for the filing of individual income tax returns for the 2023 tax year.
More information on the NETFILE service for current and prior year returns can be found on the CRA website at https://www.canada.ca/en/revenue-agency/services/e-services/digital-services-individuals/netfile-overview/eligibility.html.
30-Jan
- Deadline to pay annual interest on family loans and company loans to avoid income attribution and to pay annual interest on company loans to reduce deemed taxable benefit.
- Payment Deadline – GST/HST/QST (Monthly or Quarterly Reporting) Payment and Filing one month after the end of the reporting period.
February
1-Feb
T2125 Business income
Business income is income you earn from a profession, a trade, a manufacture or undertaking of any kind, an adventure or concern in the nature of trade, or any other activity you carry on for profit and there is evidence to support that intention.
For those who are on a calendar year January 1st to December 31 2022, this information can now be collected.
T776 Rental Income
When you rent out property, you must report the income on your tax return, and you can also deduct related expenses. To determine income and expense amounts, there are a number of details to consider.
For those who are on a calendar year January 1st to December 31 2022, this information can now be collected.
14-Feb
- Deadline to reimburse your employer and reduce your operating cost benefits for the personal use of an employer-provided automobile.
24-Feb
This is the first day the federal government will start accepting electronic income tax returns and the first day the government’s free tax-filing softwares, NETFILE and ReFILE, are available.
28-Feb
- Filing Deadline:
- T4/RL-1, T4A/RL-1, T5/RL-3, T5008/RL-18 slips and summary information returns
- NR4 return
- Payment Deadline – final corporate tax balance due for non-CCPCs with calendar year-ends
- RL-31 (Quebec) SLIP obligations for landlord’s RL-31 Slip Obligations | Revenu Québec (revenuquebec.ca)https://www.revenuquebec.ca/en/citizens/your-situation/landlord/rl-31-slip-obligations/
March
3-Mar
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), it will be necessary to have earned income of $175,335 for the 2023 taxation year.
15-Mar
- CRA Auto-fill access to t-slips, RRSP, and other information from CRA My Account.
17-Mar
Individual tax instalment deadlines for 2025
Millions of individual taxpayers 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
31-Mar
- Filing Deadline:
- T5013/RL-15 slips partnership annual information return (T5013)
- T3/RL-16 slips and trusts having a calendar year-end (T3)
- HST/GST annual return for other than self-employed
- Payment Deadline:
- final corporate tax balance due for CCPCs with calendar year-ends
- HST/GST balance due for other than self-employed
- GST/HST/QST (Annual Reporting) Payment and Filing three months after the end of the reporting period if your fiscal year ends on December 31st.
April
18-Apr
- Filing Deadline – If you are U.S. citizen living in Canada you must file a U.S. 2022 tax return (form 1040) and FBAR reporting on financial accounts held outside the US.
- TIP: U.S. Citizens living abroad are granted an automatic two-month extension (i.e. June 15th ) .
30-Apr
Individual tax payment and filing deadlines in 2025
For all individual taxpayers, including those who are self-employed, the deadline for payment of any balance of 2024 taxes owed is Wednesday April 30, 2025.
Taxpayers (other than self-employed individuals and their spouses) must file an income tax return for 2024 on or before Wednesday April 30, 2025.
Self-employed taxpayers and their spouses must file an income tax return for 2024 on or before Monday June 16, 2025.
- Payment Deadline:
- final tax balance due for individual and self-employed
- HST/GST/QST balance due for individual and self-employed
- GST/HST/QST (Annual Reporting) (for sole proprietorships only) April 30th if your fiscal year ends on December 31st.
June
15-Jun
June 15 – Deadline for self-employed returns
This is the filing deadline for self-employed tax returns.
However, like the April 30 deadline for individuals, the CRA starts charging daily compound interest on May 1, the day after the balance is due.
16-Jun
Individual tax instalment deadlines for 2025
Millions of individual taxpayers 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
30-Jun
- CRA will generally have assess your tax return filled on or about April 30th. This assessment should be reviewed.
- Filing Deadline – Corporate income tax returns for calendar year-end corporations
September
15-Sep
InIndividual tax instalment deadlines for 2025
Millions of individual taxpayers 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
If your estimated net income tax payable for the year or two preceding tax years exceed $3,000.
30-Sep
- Filing Deadline – Notice of objections must be filed within 90 days of the assessment notice for any tax issues that you wish to object to.
October
31-Oct
- Filing tax adjustments for prior years if required.
November
30-Nov
- Tax Planning:
December
15-Dec
Individual tax instalment deadlines for 2025
Millions of individual taxpayers 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
If your estimated net income tax payable for the year or two preceding tax years exceed $3,000.
31-Dec
Final payment date:
- Charitable donations
- Payment Deadline – Tax Deductions and credits
- Filing Deadline – Filing deadline – NR6 form
Disclaimer:
About Expert Fiscaliste
Use the Individual Tax Calendar from Expert Fiscaliste to know your tax 2025 deadlines and contribution limits. Call Expert Fiscaliste for your Tax Return Preparation or tax issue at (514) 954-9031 or (877) 542-2130. Expert Fiscaliste provides Canadian and international income tax preparation and consulting services to individuals, businesses, and trusts.
Use the Individual Tax Calendar to Maximize your tax refund this year with Expert Fiscaliste tax services for your T1 and TP-1 2024 Income Tax Returns, call or text us at 514-954-9031 or send us a email will@expert-fiscaliste.ca or visit our web site. In addition, we offer an important advantage with CRA and Revénu Quebec being your Authorized Representative for all taxation years. We also provide a secure portal to securely share documents, data and reports. Contact us now at 514-954-9031, we are accepting new 2024 clients for a limited time..