Tax Deadlines 2025 in Canada: Important Dates You Shouldn’t Miss
As 2025 begins, staying updated on Canada’s tax deadlines is essential for individuals, self-employed professionals, and businesses alike. Filing taxes on time ensures you avoid penalties and interest charges while staying in good standing with the Canada Revenue Agency (CRA). Let’s break down the critical tax dates and tips to make filing your taxes stress-free.
Key Tax Deadlines for 2025
- NETFILE Opens: February 24, 2025
The CRA’s online filing service, NETFILE, will officially open on February 24, 2025. This allows taxpayers to submit their 2024 income tax and benefit returns electronically. - General Tax Filing Deadline: April 30, 2025
For most individuals, the last date to file your income tax and benefit return is April 30, 2025. This is also the deadline for paying any taxes owed to the CRA to avoid late fees or interest charges. - Self-Employed Filing Deadline: June 15, 2025
If you or your spouse/common-law partner are self-employed, your tax return must be submitted by June 15, 2025. However, because this date falls on a Sunday, the CRA will accept returns filed by June 16, 2025. Note that any taxes owed must still be paid by April 30, 2025.
Tips to Avoid Tax Filing Stress
- File Early: Don’t wait until the last minute. Filing early gives you enough time to gather all necessary documents and address any issues.
- Use NETFILE: Filing electronically through NETFILE is faster, secure, and ensures quicker processing of refunds.
- Set Up CRA My Account: Keep track of your tax documents and payments online using the CRA’s official platform.
FAQs
Q1: What happens if I miss the April 30 tax deadline?
If you miss the April 30 deadline, you may face late-filing penalties and interest charges on any amount you owe.
Q2: Do self-employed individuals have more time to file taxes?
Yes, self-employed individuals have until June 15, 2025, to file their returns. However, any taxes owed must still be paid by April 30, 2025.
Q3: Is it mandatory to file taxes online in Canada?
No, filing online is not mandatory, but it is recommended for faster processing and refunds. Paper filing is still an option.
Q4: Can I amend my tax return after filing?
Yes, you can request an amendment through the CRA’s “Change my return” service or by filing an adjustment request form.
Q5: When can I expect my tax refund?
If you file electronically, refunds are typically processed within two weeks. Paper returns may take up to eight weeks.
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