Important Dates
NETFILE, ReFILE, and EFILE Dates AvailableMonday, February 23, 2026, until Friday, January 29, 2027
Due Dates for Tax Slips & Receipts
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- Monday, March 2, 2026: for most tax slips
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- Tuesday, March 31, 2026: for T3 and T5013 slips
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- Friday, May 1, 2026: for RRSP contribution receipts
Tax Tip: Payment in January 2026 for wages earned in December 2025 is NOT reported on a 2025 T4!
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- Monday, March 2, 2026
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- Thursday, April 30, 2026, except for individuals with self-employment income
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- Monday, June 15, 2026, for self-employed, but any amounts owing must still be paid by April 30, 2026.
Canadian Tax & Financial Calculators
Detailed Canadian Income Tax Calculators
The detailed calculator can be used to check most people’s tax returns.
Personal and Sales Taxes, Taxes on Property
Life in the Tax Lane March 2026
Fast-paced 10-minute video for tax & financial professionals, but helpful for all!
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- Canada Groceries and Essentials Benefit
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- Mutual Fund Trailing Commissions – GST/HST
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- Corporate Transfer of Assets to Shareholder’s Child
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- Under-Reported Income – Bookkeeping Errors
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- Shareholder Benefits – Offsets
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- Labour Mobility Deduction – Temporary Relocation Expenses
Tips For Filing Your 2025 Tax Return!
Filing your 2025 tax return can be straightforward with the right preparation. You can complete your return yourself using tax software and filing online or mailing a paper return. Remember that Auto-Fill may not be fully accurate, so review every detail carefully. Free tax preparation services are available for eligible individuals. If you use a professional preparer, provide your tax slips and receipts as early as possible to avoid delays and ensure an accurate return.
Tax Return Checklist – Start Early!
If you didn’t organize your tax documents throughout the year, now is the time to get everything in order. Our tax return checklist outlines the key documents you’ll need, including tax slips, medical expense receipts, child care receipts, RRSP and FHSA contribution records, charitable and political donation receipts, and many other important items. Starting early helps ensure nothing is missed and makes filing your return much smoother.
Registered Plans / Investing / Pensions
Will Your Old Age Security (OAS) Be Clawed Back?
If your 2025 income exceeds $93,454, your OAS will be reduced, reaching zero at an income of $151,959 for those aged 65 to 74, and $157,810 for those aged 75+. The clawback is treated as a tax instalment. Understanding these thresholds will help you to avoid unexpected reductions. Plan ahead if you have high income and are close to age 65!
2024 Lifetime Capital Gains Exemption (LCGE) Problems Not Yet Corrected
This is important for any individuals, or any tax practitioners with clients, who are waiting for 2024 LCGE problems to be reassessed by CRA. The problem is not yet corrected, and as noted by Hugh Nielson, FCPA, FCA, TEP: “An objection to a 2024 assessment has to be filed by April 30, 2026 to protect the taxpayer’s appeal rights. Practitioners are in their busiest season and will not have time for Objections once the personal tax season hits. Filing a dispute on Rep a Client citing the error will protect the client’s appeal rights. It is unfortunate that it will also tie up appeals officers, who are already backlogged, but the risk of losing appeal rights cannot be taken. The Federal Court of Appeal recently indicated hundreds of taxpayers who failed to object come to Tax Court every year only to find the Court’s hands are tied.”
Which is Better – RRSP, TFSA, or FHSA?
Choosing between an RRSP, TFSA, or FHSA depends on your income and your plans. For most people with taxable income below about $59,000 in 2026, a TFSA is the best first choice. However, if you plan to buy a home to live in within the next 15 years, an FHSA provides better tax benefits. For everyone else, RRSP contributions are the best tax-saving method for the average taxpayer.
Employees / Employers / Business
Refundable Tax Credit For Workers!
If you’re employed or self-employed, be sure to file a tax return even if you don’t expect to owe tax. This may allow you to receive the 2025 refundable Canada Workers Benefit, worth up to $1,633 for single individuals or $2,813 for couples. This credit is claimed directly on your tax return, so filing is essential to receive it. This is only one of the reasons to file a tax return if no tax is owed!
Budgets
Alberta Budget 2026: Key Tax and Benefit Changes
Alberta’s 2026 budget announces several tax and benefit changes. The province will combine its two caregiver credits into a single credit structured on the federal Canada Caregiver Credit, and the new credit will no longer apply to non-infirm parents or grandparents living with the taxpayer. Education property tax rates will rise, and the income threshold for the Alberta Seniors Benefit will be reduced, removing eligibility for some seniors. A new tax on rental cars is being introduced, and the tourism levy on short-term accommodation will increase. Some provincial charges and levies are affected. On the positive side, a new Alberta Disability Assistance Program is being created.
BC 2026 Budget Highlights – February 17, 2026
2026 budget brings higher taxes but no progress on reducing deficits, debt, or interest costs. The lowest personal income tax rate rises to 5.6% from 5.06% for 2026, and indexation will be paused from 2027 through 2030. Several other costs increase, including interest rates for the Property Tax Deferment Program, expansion of PST to professional services, and the elimination of PST exemptions on items such as basic cable TV, landline telephone services, clothing patterns, and yarn. School tax rates and Speculation and Vacancy Tax rates also rise. On the slightly positive side, the BC Tax Reduction credit increases to $690 (from $575), the Volunteer Firefighter/Search and Rescue credit doubles to $6,000, and a new Children and Youth Disability Supplement will be introduced.
Nova Scotia 2026 Budget – Monday, February 23, 2026
There were no income tax changes in the 2026 budget, just a continuation of the measures announced in the 2025 budget. The deficit for 2026-27 is expected to be $1.19 billion.
Northwest Territories 2026 Budget
No income tax changes were announced in the NT budget. Property mill rates and some fees will be indexed to inflation.
Upcoming 2026-2027 Budgets
Budgets that will be tabled in March:
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- Manitoba
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- New Brunswick
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- Ontario
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- Saskatchewan
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- Yukon
No date has yet been set for the tabling of budgets for:
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- Newfoundland & Labrador
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- Nunavut
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- Prince Edward Island
- Quebec