Important Deadlines: 2024 Tax Returns to be filed in 2025
The 2024 tax season is approaching, and it’s time for individuals and businesses to start preparing to file their 2024 tax returns due in 2025.
Understanding the deadlines is critical to staying compliant and avoiding late filing penalties or interest on unpaid taxes. Key dates, such as the opening of the filing season, payment due dates, and the final submission deadlines, are important for managing your tax responsibilities effectively.
Start organizing your records early, stay informed about any changes in tax laws, and consult a professional tax accountant if needed. Meeting these deadlines ensures a smooth, on-time tax filing process and helps you meet your filing obligations.
Canadian Deadlines for 2024 Tax Returns
Individual Taxpayers
In Canada, filing deadlines vary for individual taxpayers depending on their tax residency or self-employment status. In all cases, taxes still must be paid by April 30th, 2025, or otherwise explicitly extended.
Residents of Canada
Residents of Canada include both full-year and part-year residents and it includes both immigrants and emigrants.
Besides filing your Income tax return, you may have other reporting requirements as well such as T1134, UHT-2900 or T3. These information returns may have the same or different deadlines. Always ensure that you understand your filing requirements or request a personalized filing calendar from your professional tax preparer.
The below schedule does not include the instalment payment deadline. Please refer to your income tax accountant’s instructions on when and how to pay instalments. Not paying instalments can bring penalties and interest.
Canada Revenue Agency’s Electronic filing system is opening on February 24, 2025.
T1 – Individual income tax return for 2024 (Including those who moved to Canada or who moved out of Canada during 2024) | 2025-04-30 |
| T1 – Individual income tax return for 2024 – For self-employed individuals and/or their spouses | 2025-06-16 |
| Individuals – Income tax payment, including self-employed individuals | 2025-04-30 |
| RRSP Contribution – first 60 days of 2025 for the tax year 2024 (For emigrants, it must be 60 days from the date of emigration) | 2025-03-03 |
Nonresidents of Canada
Nonresidents must file tax returns by following the below schedule:
| Section 216 income tax returns (non-residents with Canadian rental income) NR6 approved – filing deadline | 2025-06-30 |
| Section 216 income tax returns – for CCA recapture on disposed of properties | 2025-04-30 |
| Section 216 income tax returns (non-residents with Canadian rental income) – tax payment deadline | 2025-04-30 |
| Section 216.1 income tax returns (Non-Resident Actors) – filing deadline | 2025-04-30 |
| Section 216.1 income tax returns (Non-Resident Actors) – filing deadline – Self-employed | 2025-06-16 |
| Section 216.1 income tax returns (Non-Resident Actors) – tax payment deadline, including self-employed | 2025-04-30 |
| Section 217 Income tax returns – filing deadline | 2025-06-30 |
| Section 217 Income tax returns – balance owing payment | 2025-04-30 |
| UHT-2900 – Underused Housing Tax Return for affected owners (Including exemptions) – filing and tax payment. For the 2024 tax year. | 2025-04-30 |
Businesses – Unincorporated
If you run an unincorporated business you generally report your income on your Individual income tax return (T1). There is an automatic extension for filing tax returns until June 16, 2025. However, you must pay your taxes before April 30, 2025. If you are subject to information returns filing requirements, you must follow those deadlines.
Businesses – Corporations
| Corporate income tax return – CCPC – filing from the fiscal year-end date | 6 months |
| Corporate income tax return – CCPC – payment due from the fiscal year-end date | 3 months |
| All other corporations – Corporate income tax return due | 3 months |
| All other corporations – Corporate income tax payment due | 2 months |
| UHT-2900 – filing and payment due | 2025-04-30 |
| (There are no extensions for UHT-2900) | |
| GST/HST Returns, payroll source deductions, and other withheld amounts follow the corporation-specific schedule | Variable |
| Installments both income tax and GST/HST, follow the instructions of the tax preparer or CRA-issued schedule | Variable |
Information Returns
Information Returns: T4, T4A, T5, T4A-NR Must be filed by 2025-03-07, however, any late filing will be having a penalty effective 2025-02-28 | 2025-02-28 Extended: 2025-03-07 |
| Information Returns: NR4 | 2025-03-31 |
| Information Returns: T5018 (construction contract payments) – filing due date from reporting period | 6 months |
| T1135 – Foreign assets verification statement | Due with your Tax Return |
| T1134 – Controlled and non-controlled foreign affiliates | Within 10 months of the tax year-end |
| T106 – Transfer pricing – Individuals | Individual T1 deadline |
| T106 – Transfer pricing – Corporations | 6 months after the tax year-end |
| RC4649 – Country-by-country report | 12 months after tax year-end |
U.S. Deadlines for 2023 Tax Returns
The electronic filing for U.S. individual tax returns will open on January 27, 2025.
If you are a U.S. citizen or person, you must follow the deadlines carefully and strictly. If you have foreign assets, the information returns involved may incur substantial penalties, particularly for U.S. citizens and green card holders living in Canada. If you hold foreign financial assets (foreign refers to non-US here), you must consult your cross-border tax accountant to determine your U.S. tax reporting requirements.
The IRS and different states extend deadlines in certain situations, for example, disaster relief. Please always double-check with your U.S. tax accountant or directly with the taxing authority before assuming any extension. We provide full-scale U.S. tax services from Canada.
| 1040 – U.S. resident aliens, citizens, and green card holders living in the U.S. to file a tax return or an extension | 2025-04-15 |
Deadline to pay taxes and file extensions (file the form to request an extension) – Extension will extend your filing deadline for the underlying tax return. | 2025-04-15 |
| 1040 – for U.S. citizens and residents, who are Canadian tax residents and abode in Canada (Verify with your cross-border tax advisor please) | 2025-06-16 |
| Form 3520-A filing deadline for certain applicable trusts (Caution: substantial penalty) | 2025-03-17 |
To make treaty-based positions on form 8833 (Caution: Delayed filing may bring penalty) | Same as the tax return |
| FinCen 114 FBAR Filings – default April 18th with an automatic extension until 2025-10-15 (Caution: substantial penalty) | 2025-10-15 |
| 1040-NR filers – received U.S. wages subject to withholding | 2025-04-15 |
| 1040-NR filers – did not receive U.S. wages subject to withholding | 2025-06-16 |
| 1040-NR filers – extended deadline (request extension) | 2025-10-15 |
| A closer connection statement for snowbirds, attached to 1040NR | same as 1040NR |
| Canadian corporation filing 1120F | 15th day of the 4th month after fiscal year end (FYE) |
| Canadian corporation filing 1120F, with no office or place of business (be careful, follow instructions on EIN Letter) (Caution: Risk of penalty and tax owing) | 15th day of 6th month after FYE |
| Form 5472 for U.S. LLCs treated as disregarded entities (Caution: Substantial penalty) | same as the 1120F deadline |
| U.S. domestic corporations – 1120 filers | 15th day of the 4th month after fiscal year end (FYE) |
| U.S. S corporations – 1120S filers | 2025-03-17 |
| U.S. Partnerships or U.S. LLCs treated as partnerships- 1065 (for extension check with your cross-border accountant if 7004 can be filed) | 15th day of 3rd month |
| 8804, and 8805 for partnerships | March 17th (extensions possible) |
Please note that we may not be able to update this post with future updates or extensions. Therefore, we recommend to always check with your accountant to ensure that no deadlines are missed.
We provide a comprehensive income tax return preparation and electronic filing for both Canada and the United States.
