Are you prepared to file your 2024 taxes after the New Year celebrations?
This year, there are several changes to be aware of, including updates to the CRA’s digital reporting requirements, shifts in carbon tax policies, and the introduction of new tax measures like the Digital Services Tax Act.
Below, I’ll review this upcoming year’s tax filing deadlines, late penalties, and key changes to keep in mind as you approach the 2025 tax deadline.
A Canada Revenue Agency sign in Ottawa is shown on Monday, March 1, 2021. THE CANADIAN PRESS/Justin Tang
When is the tax filing deadline in 2025?
The tax filing deadline or “Tax Day” for 2025 is Wednesday, April 30. If you’re actively employed or were temporarily employed in 2024, you should receive a CRA T4 slip in the mail from each employer you worked for this past year within the first couple of months of 2025.
Your T4 will include important information which you’ll use to file …