{"id":6015,"date":"2025-10-16T17:04:09","date_gmt":"2025-10-16T17:04:09","guid":{"rendered":"https:\/\/cmy.800.mytemp.website\/?p=6015"},"modified":"2025-10-16T17:04:09","modified_gmt":"2025-10-16T17:04:09","slug":"tax-deadlines-and-limits-for-the-2025-tax-year-january-2025","status":"publish","type":"post","link":"https:\/\/levypilotte.com\/en\/tax-deadlines-and-limits-for-the-2025-tax-year-january-2025\/","title":{"rendered":"Tax deadlines and limits for the 2025 tax year (January 2025)"},"content":{"rendered":"

Each new tax year brings with it a schedule of tax payment and filing deadlines, as well as some changes with respect to tax saving and planning opportunities. Some of the more significant dates and changes for individual taxpayers for 2025 are listed below.<\/p>\n

Registered retirement savings plan (RRSP) deduction limit and contribution deadline<\/h3>\n

The RRSP current year contribution limit for the 2024 tax year is $31,560. In order to make the maximum current year contribution for 2024 (for which the contribution deadline will be Monday March 3, 2025), it will be necessary to have earned income of $175,335 for the 2023 taxation year.<\/p>\n

Tax-free savings account (TFSA) contribution limit<\/h3>\n

The TFSA current year contribution limit for 2025 remains at $7,000. The actual amount which can be contributed by a particular individual in 2025 includes both the current year contribution limit and any carryover of uncontributed or re-contribution amounts from previous taxation years.<\/p>\n

Taxpayers can find out their individual 2025 TFSA contribution limit by calling the Canada Revenue Agency\u2019s automated Tax Information Phone Service (TIPS) at\u00a01-800-267-6999, <\/strong>where that information will be available from mid-February to the end of December. Taxpayers who have registered for the CRA\u2019s online tax service My Account can obtain that information by logging into My Account.<\/p>\n

A TFSA contribution can be made at any time during the taxation year.<\/p>\n

First home savings account (FHSA) contribution limit for 2024<\/h3>\n

The FHSA current year contribution limit for 2025 is $8,000. The actual amount which can be contributed by a particular individual includes both the current year contribution limit and any carryover of uncontributed amounts from previous years, to a maximum carryover limit of $8,000.<\/p>\n

There is a lifetime per individual limit of $40,000 in contributions to an FHSA, and an FHSA contribution can be made at any time during the taxation year.<\/p>\n

Individual tax instalment deadlines for 2025<\/h3>\n

Millions of individual taxpayers pay income tax by quarterly instalments, which are due on the 15th<\/sup> days of March, June, September, and December 2025. Where the 15th<\/sup> of the month falls on a weekend or a statutory holiday, the instalment payment deadline is extended to the next business day.<\/p>\n

The actual tax instalment due dates for 2025 are as follows:<\/p>\n

    \n
  • Monday March 17, 2025<\/li>\n
  • Monday June 16, 2025<\/li>\n
  • Monday September 15, 2025<\/li>\n
  • Monday December 15, 2025<\/li>\n<\/ul>\n

    Old Age Security income clawback threshold<\/h3>\n

    For 2025, the income level above which Old Age Security (OAS) benefits are clawed back is $93,454.<\/p>\n

    Individual tax payment and filing deadlines in 2025<\/h3>\n

    For all individual taxpayers, including those who are self-employed, the deadline for payment of any balance of 2024 taxes owed is Wednesday April 30, 2025.<\/p>\n

    Taxpayers (other than self-employed individuals and their spouses) must file an income tax return for 2024 on or before Wednesday April 30, 2025.<\/p>\n

    Self-employed taxpayers and their spouses must file an income tax return for 2024 on or before Monday June 16, 2025.<\/p>\n<\/div>

    <\/div><\/div>

    The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6015","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/levypilotte.com\/en\/wp-json\/wp\/v2\/posts\/6015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/levypilotte.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/levypilotte.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/levypilotte.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/levypilotte.com\/en\/wp-json\/wp\/v2\/comments?post=6015"}],"version-history":[{"count":1,"href":"https:\/\/levypilotte.com\/en\/wp-json\/wp\/v2\/posts\/6015\/revisions"}],"predecessor-version":[{"id":6016,"href":"https:\/\/levypilotte.com\/en\/wp-json\/wp\/v2\/posts\/6015\/revisions\/6016"}],"wp:attachment":[{"href":"https:\/\/levypilotte.com\/en\/wp-json\/wp\/v2\/media?parent=6015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/levypilotte.com\/en\/wp-json\/wp\/v2\/categories?post=6015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/levypilotte.com\/en\/wp-json\/wp\/v2\/tags?post=6015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}