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Wealth ManagementNewsWhat You Need to Know About Filing to the CRA This Year as Tax Season Looms
What You Need to Know About Filing to the CRA This Year as Tax Season Looms
Wealth ManagementPersonal Finance

What You Need to Know About Filing to the CRA This Year as Tax Season Looms

•February 20, 2026
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Financial Post — Personal Finance
Financial Post — Personal Finance•Feb 20, 2026

Why It Matters

These deadline reminders and tax‑rate adjustments affect millions of Canadians’ cash flow and planning, while the CRA’s service upgrades aim to reduce call‑centre bottlenecks and improve taxpayer experience.

Key Takeaways

  • •Filing opens Monday; online returns processed within two weeks
  • •RRSP contribution deadline March 2 for 2025 deductions
  • •Self‑employment returns due June 15, payment still by April 30
  • •Lowest marginal tax rate reduced to 14 % (14.5 % full year)
  • •CRA added 1,700 staff, offering Saturday support March 21‑May 2

Pulse Analysis

The 2025 Canadian tax season arrives with a digital‑first approach, reflecting the CRA’s continued push toward electronic filing. With more than 33 million returns submitted last year and 93 percent filed online, taxpayers can expect rapid processing—typically within two weeks for NETFILE submissions. Early preparation is crucial: gathering T‑slips, confirming your eight‑character NETFILE access code, and meeting the March 2 RRSP deadline can maximize deductions and avoid last‑minute scrambling. For self‑employed individuals, the extended filing date of June 15 offers flexibility, yet any owed taxes must still be settled by April 30 to sidestep daily arrears interest.

Beyond deadlines, the 2025 return introduces notable policy tweaks. The lowest marginal tax rate drops to 14 % (averaging 14.5 % for the year), subtly reducing the tax burden for low‑income earners. To preserve the effective 15 % rate on high non‑refundable credits, the government adds a top‑up credit targeting taxpayers with substantial medical or tuition expenses. Additionally, the disability supports deduction now covers a broader range of expenses, and the digital Notice of Assessment becomes instantly accessible in the CRA My Account, streamlining post‑filing review.

Service quality also sees a boost as the CRA expands its contact‑centre workforce by roughly 1,700 representatives, raising total staff to about 4,500. Saturday hours from March 21 to May 2 aim to alleviate the 200,000 daily call surge that historically overwhelmed the system. Accuracy metrics have risen, with 92 % of calls delivering correct information. For those needing extra help, free tax clinics and the SimpleFile program remain available, ensuring that even modest‑income Canadians can navigate the filing process confidently.

What you need to know about filing to the CRA this year as tax season looms

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