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What you need to know for the 2025 tax-filing season

Tax season is almost here! Whether you’re a seasoned filer or it’s your first time, having the essential information can save you time and stress. It could even put more money in your pocket.

We want you to receive any refunds and benefit and credit payments you may be eligible for. During the last tax-filing season, the Canada Revenue Agency (CRA) received more than 33 million income tax and benefit returns, and almost 93% were filed online. There were more than 19 million refunds issued, with an average refund of $2,294. The CRA also delivered more than $52 billion in benefit payments, all because individuals filed their income tax and benefit returns.

To help you, we’ve put together the key facts of what you need to know for this tax-filing season. This includes what’s new with our digital services and on the income tax and benefit return.

If you need help to file your income tax and benefit return, check out these services and resources

Information source from Canada Revenue Agency (CRA)

Section Title

Ontario energy and property tax credit (OEPTC)

The Ontario energy and property tax credit (OEPTC) is designed to help low- to moderate-income Ontario residents with the sales tax on energy and with property taxes. You apply for the current-year...

Reminder – Disability Tax Credit

Before including the disability amount on an individual’s T1 income tax and benefit return, please ask your client if they have applied for the disability tax credit (DTC) before. Your client can give...

Reminder – Phishing Scam

The Canada Revenue Agency (CRA) has become aware of a new phishing scam targeting the tax preparation community, where bad actors are prompting EFILERs to log into a fake EFILE Sign in page to...

Direct deposit changes impacting EFILERS and taxpayers

The confidence and trust that individuals and businesses have in the CRA is a cornerstone of Canada’s tax system. The CRA regularly adjusts and improves its systems and processes to safeguard...

Go digital and file your taxes online!

It’s never been easier to do your taxes online. In fact, online filing gets you access to the benefits, credits, and refunds you may be eligible for even faster! Last year, approximately 93% of...

Don’t miss out on free tax help – you may be eligible!

Doing your taxes each year can feel like a big job, but you don’t have to do it alone! If you have a modest income and a simple tax situation, you might be able to get help from a volunteer at a free...

Reminder: Trust reporting for the 2024 tax year

For the 2024 tax year, the Canada Revenue Agency (CRA) will continue to administer the enhanced trust reporting rules as enacted for tax years ending on or after December 31, 2023. Affected trusts are...

Watch your limit when contributing to your Tax-Free Savings Account (TFSA)!

Are you saving for a car or a dream vacation? A TFSA is a great way to save tax-free. The TFSA is a way for individuals who are 18 and older and have a valid social insurance number (SIN) to save...

Tax season starts on February 24! Here’s what you need to start filing

Tax season starts next week! When the calendar flips to February 24, 2025, you will be able to file your income tax and benefit return online. With the right preparation, filing your tax return can be...
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