Tax season is here—are you ready? The deadline to file your 2024 income tax and benefit return is April 30, 2025, and while taxes may not be the most exciting thing on your to-do list, filing on time is worth it. Not only will you avoid late penalties and interest if you owe money, but you’ll also ensure there are no hiccups with your refund or any benefits and credits you’re eligible for.
To make tax time a little smoother, here are some important tips and updates to keep in mind this year.
Free Tax Help for Lower-Income Households
If your tax situation is simple and your income comes from sources like a job, pension, social assistance, or scholarships, you may qualify for free tax filing help. Across Canada, community organizations and volunteers offer free tax clinics through the Community Volunteer Income Tax Program (or the Income Tax Assistance – Volunteer Program in Quebec). These clinics can often be found at libraries, community centres, seniors’ hubs, and even places of worship.
This year, the Canada Revenue Agency (CRA) is also inviting two million lower-income individuals to use a secure, invitation-only service to file their taxes over the phone or online—making the process even easier.
Take Control with Online Tools
Gone are the days of waiting for a security code in the mail to set up your CRA online account. The CRA has now made it simpler to register and verify your identity instantly using a document verification service. Once you're set up, you can manage everything online—update your address, track your benefit payments, and even see your past tax returns.
Why Filing Online is the Smart Move
Last year, 93% of Canadians filed their tax return online—and for good reason! Using certified tax software makes the process faster, easier, and often free. If you’re registered for direct deposit, you could get your refund in as little as eight business days. Plus, the Autofill My Return feature can help pull in much of your tax information automatically, saving you time and reducing errors.
What’s New for 2024?
Each tax season brings changes, and this year is no exception. Here are some key updates that could impact your return:
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First-time homebuyers can now withdraw more from their RRSP: The limit has increased from $35,000 to $60,000 to help with the purchase or construction of a home.
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Short-term rental rules have changed: If you operate a non-compliant rental property, you can’t deduct related expenses for the period it was non-compliant. However, if your property met the necessary regulations by December 31, 2024, you’re considered compliant for the entire year.
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Bigger tax credit for volunteer firefighters and search-and-rescue volunteers: If you put in 200+ hours of service, the tax credit has doubled—from $3,000 to $6,000.
For more details on tax-filing updates, check out canada.ca/taxes-whats-new.
The Bottom Line
Filing your taxes doesn’t have to be a headache. Whether you’re looking for free tax help, want to take advantage of online tools, or need to brush up on this year’s changes, a little preparation now can save you a lot of stress later. Mark April 30, 2025, on your calendar, get your documents in order, and make this tax season a breeze!
