Here’s (almost) everything you should know about tax season in Canada
Your Money
Happy tax season!
We can’t be serious about that, can we?
Sure we are. Let's take a cue from all the wellness content you might see on your newsfeeds and use this moment to reframe income tax season.
Think of it as an opportunity to take stock of your year and use it to help improve your financial wellbeing.
According to a recent TD survey, 67% of respondents said they wanted to cut back on their spending in 2026. Yet only 36% of respondents said they had a formal financial plan for the year. Tax season can be the perfect time to make one.
And let’s be honest. At this time of year, you're already gathering documents and pouring over receipts. Instead of just submitting everything and skipping off into the sunset with your tax return, you could take advantage of this time and consider planning for your financial future.
When is personal income tax season in Canada?
Here's what you're really here for: tax season. So, let's start with the basics: These are, generally speaking, the dates and rates for the 2025 tax year.
Feb. 23, 2026
March 2, 2026
Apr. 30, 2026
June 15, 2026
The date you can start filing your income taxes in Canada
RRSP contribution deadline
Deadline for most Canadians to file and pay their income taxes
Deadline to file your income taxes if you or your spouse/common-law partner are self-employed (but you still need to pay by April 30)
Remember that Canada employs a marginal tax rate structure, which basically means that you pay different levels of tax depending on how much you earn.
Here are the marginal tax rates for the 2025 tax year:
What are the 2025 marginal tax rates? Plus, a 2025 income tax change you should know about
LEARN MORE BELOW