Most individuals must file by April 30, 2026. The self-employed have until June 15 to file, but any balance owing is still due April 30.
Slips to have in hand
- T4 for employment income, and T4A for pensions, scholarships and self-employed commissions.
- T5 and T3 for investment income and trust distributions.
- RRSP and FHSA contribution receipts, including the first sixty days of 2026.
- T2202 for tuition, and receipts for medical expenses and childcare.
- T5008 for securities dispositions, and your own record of adjusted cost base.
Credits that are commonly missed
- Medical expenses for any twelve-month period ending in the year — pooled on the lower-income spouse.
- Digital news subscriptions and eligible union or professional dues.
- Moving expenses, if you relocated at least 40 km closer to work or school.
- The disability tax credit, including transfers from a dependant.
- Carrying charges such as interest on money borrowed to invest.
If you are late
The late-filing penalty is 5% of the balance owing plus 1% per full month, to a maximum of twelve months. Interest compounds daily on top. File even if you cannot pay — filing stops the penalty, and a payment arrangement handles the rest.
Run it on your own numbersTax reserveSelf-employed? Set the reserve aside before the next deadline.Figures are the published 2026 federal and provincial amounts at the time of writing. General information only, not financial, tax, or legal advice — see the methodology and disclaimer.