Tax Time 2025: What’s New and How to Be Ready

April 07, 2026
Tax Time 2025: What’s New and How to Be Ready
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It’s that time of year again. The deadline to file your 2025 personal income tax return with the Canada Revenue Agency (CRA) is fast approaching and we want to ensure you’re prepared.

Here are a few important things to remember:

Getting organized

  • If you received a payment from the PSPP in 2025, a physical copy of your tax slip was mailed to you by ADP or OPB and post marked prior to the CRA deadline of March 2, 2026.
  • You may also retrieve your 2025 T4A (NR-4 for non-residents) and T4A‑RCA (if applicable) tax slips by logging into your e-services account(opens in a new tab). You can find the slip under "My Documents".
  • If you haven’t registered for an e‑services account yet, you can follow these simple steps.

Important dates and deadlines

  • January 1, 2026 – This is the date that the $7,000 dollar limit for the new year is added to your Tax‑Free Savings Account (TFSA) contribution room. Keep in mind that the TFSA information in your CRA account is updated once in the new year with your transactions of the previous year. The available room for your TFSA can be found in your CRA account(opens in a new tab).
  • February 23, 2026 – This is the date you can start filing your 2025 income tax and benefit return online(opens in a new tab).
  • March 2, 2026 – This was the last day you could contribute to your Registered Retirement Savings Plan (RRSP) for the 2025 tax year. The maximum available amount that you can contribute to your RRSP is available on your most recent Notice of Assessment (NOA). Please contact the CRA at 1‑800‑959‑8281 if you’d like more information on your personal taxes or you can sign into your CRA account(opens in a new tab).
  • April 30, 2026 – This is the deadline for most individuals to file their 2025 income tax and benefit return, and to pay any taxes owed. By filing and paying on time, you will avoid late‑filing penalties and interest.
  • June 15, 2026 – This is the deadline for self‑employed individuals to file their 2025 income tax and benefit return. If you are not self‑employed, but your spouse or common‑law partner is, you have the same deadline. If you owe money, you will still need to pay by April 30, 2026, to avoid paying interest.

What’s new?

  • This year, the CRA will no longer proactively mail income tax packages to individuals. This means that paper filers will not automatically receive a 2025 income tax package in the mail. Learn more by reading 'Get a T1 income tax package'(opens in a new tab) at Canada.ca.
  • Consider switching to online filing to save time. CRA has a list of certified tax software programs you can use – including some free options. Learn more by reading 'Tax software for filing personal taxes’(opens in a new tab) at Canada.ca.
  • There is a new Canada Disability Benefit for working‑aged Canadians, that launched in 2025. You must first qualify for the Disability Tax Credit. You can learn more about the qualifications at Canada.ca(opens in a new tab).

For more information about tax advantages and strategies in retirement, read our 'Managing your taxes' page.

Important

Particularly during tax season, you should be aware of common scams that impersonate the CRA and attempt to defraud people. If you experience any attempts to impersonate OPB, please report these to us. This article is not to be relied on as legal, financial or tax advice. We recommend you speak with a tax specialist for advice on your personal tax situation. OPB is not responsible for the content on external websites. This article provides general information that may be relevant to PSPP members.