To better prepare for the upcoming tax season, there is a number of important deadlines to consider:
March 1, 2025 is the deadline to make Registered Retirement Saving Plan (RRSP) contribution if you would like it to be included in your 2024 tax return. You can read more about RRSP here.
May 1, 2025 is the deadline for filing individual tax return except if you or your spouse has been self-employed in 2024. Please note that individuals are required by Canada Revenue Agency to file their tax returns by April 30th of each year. Sometimes, that specific date falls on a weekend and in that case the deadline will be the subsequent business day.
May 1, 2025 is the deadline for paying any tax owning for 2024. When a professional accountant files your tax, they usually advise you on the amount owing and the best way to make the payments to CRA.
June 15, 2025 is the deadline for filing tax return if you or your spouse has been self-employed (sole-proprietorship).
We recommend contacting us at least three weeks before the deadlines regarding your tax filing inquiry to give our tax accountants enough time to assist you. This way you can avoid paying penalties for late tax filing.
Returning Clients: Welcome back! We are grateful for the opportunity to assist you with your tax return once again this year. When ready, please reach out to us similar to previous years and we would will be here to help.
New Clients: We’d love to hear from you! Whether you’re employed, self-employed, or a business owner, please book an introductory call with us or email us, and we’ll guide you through the process.
If you have further questions on how to file your tax, please feel free to contact our advisors at AP Accounting Solutions.
