Tax due dates and Tips
tax due dates
- The filing due date for individual tax returns is April 30, 2025. The due date to pay 2024 tax owing is April 30, 2025.
- The due date for self-employed and their spouse – June 15, 2025. The payment date for 2024 tax year is April 30, 2025.
Tax tips
- Maximize RRSP contribution.
- Maximize TFSA account.
- Donate to charity and utilize donation tax credits.
- Maximize tax credits and deductions available.
- Income splitting.
- Invest into tax efficient investments – flow through shares.
- Incorporate the business.
- Withdraw money from corporation tax effectively.
- Keep money in corporation.
- Collect and keep receipts.
This information contained in this page is for general purpose only and is not intended, and should not be construed, as legal, accounting, or tax advice. This material may not be applicable or suitable for the reader’s specific circumstances or needs. Therefore, the information should not be used as a substitute for consultation with professional accounting, tax, or other competent advisors.