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Tax Season is HERE! What you need to know!

Mireille St Onge
Apr 10, 2025
2 min read

Tax season is officially here, and for many Canadians, that means gathering receipts, reviewing income statements, and figuring out how to get the best refund—or avoid a surprise bill.

Whether you're a salaried employee, a small business owner, or self-employed, here’s what you need to know to file your 2024 taxes like a pro in 2025.


📅 Key Deadlines


  • Personal tax filing deadline: April 30, 2025

  • Self-employed individuals: You have until June 15, 2025, but if you owe money, interest starts accruing after April 30.


🧾 What Documents You’ll Need


Start with these basics:

  • T4 slips (employment income)

  • T5 slips (investment income)

  • RRSP contribution receipts

  • Childcare expense receipts

  • Medical expenses

  • Tuition forms (T2202)

  • Self-employment income & expenses (if applicable)


Pro tip: Keep everything organized digitally or in a folder throughout the year to avoid scrambling in the spring.


💡 Tax Credits & Deductions to Remember


Don't leave money on the table! Here are a few credits and deductions worth reviewing:

  • Canada Workers Benefit (CWB)

  • Climate Action Incentive Payment (CAIP) – depending on your province

  • Home office expenses (if you worked from home)

  • Medical expenses & prescriptions

  • Childcare expenses

  • Tuition & education credits

  • RRSP contributions


🧮 Filing Options


  • Do it yourself: Use CRA-approved software like TurboTax, Wealthsimple Tax, or UFile.

  • Hire a pro: Ideal for complex situations like self-employment, rental properties, or significant investment income.

  • Free tax clinics: If you're low-income, CRA’s Community Volunteer Income Tax Program may help you file for free.


😰 What If You Can’t Pay Right Away?


File your return anyway. The CRA charges steep late-filing penalties, but if you file on time, you might qualify for a payment arrangement or taxpayer relief. Ignoring it makes things worse.


🧘‍♀️ Make It Easy on Yourself


Tax season doesn’t have to be stressful. Staying organized and knowing your options can make a huge difference. And if it’s all too much? Call in a tax pro. We speak CRA so you don’t have to.


📩 Need help with your 2024 taxes? We’re here for Canadians coast to coast. Virtual appointments available!


👉 Contact us Today!

 
 
 

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