The key dates
- Mar 2RRSP contribution deadlineLast day to contribute and deduct against 2025 income (March 1 fell on a Sunday).
- Apr 30Filing & payment deadlineFile your 2025 return and pay any balance owing. Interest starts the next day.
- Jun 15Self-employed filing deadlineApplies to you and your spouse — but any balance owing was still due April 30.
What's new for 2026
The lowest federal rate dropped to 14% for 2026 (a blended 14.5% applied for 2025). All federal brackets were indexed by 2%, and the federal basic personal amount rose to $16,452.
2026 TFSA LIMIT$7,000
2026 RRSP LIMIT$33,810
LOWEST FEDERAL RATE14%
Can't pay in full? File on time anyway. The late-filing penalty is far steeper than the interest on a balance.
Why filing on time matters
Your benefits — the Canada Child Benefit, GST/HST credit and Ontario Trillium Benefit — are calculated from your return. File late and payments can pause, even if you owe nothing.
Estimate your 2026 tax in under a minute.
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General information only — not tax advice. Talk to a CPA about your situation.