Tax season has officially begun, and it’s time to start preparing your 2024 income tax return. Whether you’re filing for the first time or looking to maximize your refund, staying informed about deadlines, benefits, and filing options can make the process smoother.
“Tax season has officially started! Regardless of your situation, it is important to file your tax return. This will allow you to receive the benefits and credits to which you are entitled, such as the GST/HST credit, the Canada Child Benefit, or the Canadian Dental Care Plan," said The Honourable Élisabeth Brière, Minister of National Revenue.
Here’s a complete guide to help you navigate tax season with ease.
Key Deadlines to Remember
For most individuals, the deadline to file your 2024 income tax return is April 30, 2025. This is also the due date for any amounts you owe to the Canada Revenue Agency (CRA). If you or your spouse/common-law partner are self-employed, you have until June 15, 2025, but since this falls on a Sunday, the CRA will accept returns filed by June 16, 2025.
If you owe taxes, missing the deadline could result in interest charges, so be sure to file and pay on time.
Why Filing on Time Matters
Filing your taxes on time ensures you receive the benefits and credits you’re entitled to, including:
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GST/HST credit – Up to $533 for eligible individuals
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Canada Child Benefit – Up to $7,997 per child under 6 and up to $6,748 per child aged 6 to 17
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Canada Workers Benefit – Up to $1,590 for eligible individuals
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Provincial and territorial benefits
Even if you have no income to report, filing your return can unlock these financial supports.
Fast & Easy Filing Options
The fastest way to file your return is online using CRA-certified tax software. Some options are free and include features like Auto-fill My Return, which preloads tax slips and other information for you. If you set up direct deposit, you could receive your refund in as little as eight business days.
Individuals with modest incomes and simple tax situations may qualify for free tax help at a volunteer tax clinic. The CRA has extended funding for these programs, making it easier for people to access assistance.
New Automatic Filing Initiatives
The CRA is expanding its SimpleFile by Phone program, inviting 2 million low-income Canadians to file their tax returns over the phone. If you qualify, you’ll receive a letter with instructions. The CRA is also testing a new digital filing option—stay tuned for more details.
Tools & Resources to Make Filing Easier
To help Canadians file their taxes smoothly, the CRA offers several digital services:
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My Account Portal – View tax slips, past returns, and benefit information online.
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Auto-fill My Return – Preload tax information directly into your return with certified software.
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Live Online Chat – Get real-time help from a CRA agent within My Account.
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Check CRA Processing Times – Track the status of your return and benefit applications.
Payment Options & Avoiding Late Fees
If you owe taxes, payments must be made by April 30, 2025, to avoid interest charges. The CRA offers various payment methods, including online banking, debit, and credit cards. If you can’t pay in full, you can arrange a payment plan with the CRA.
Support for Self-Employed Canadians & Small Businesses
Self-employed individuals can access free tax guidance through CRA’s Liaison Officer service, which offers one-on-one help to understand tax obligations.
Final Thoughts
Filing your taxes on time ensures you receive the benefits you’re entitled to and avoids unnecessary penalties. Whether you file online, use a volunteer tax clinic, or take advantage of new automatic filing options, there are many ways to make tax season stress-free.
