How to File Taxes in Canada: Tax Slips and Deadlines
If you’re Canadian and no one taught you what to look for to save money when filing your taxes, you’re not alone.
Here’s a list of important tax slips that can help you keep more money in your pocket and avoid CRA troubles this tax season:
Employment Income:
📄 T4 - If you had a job in 2024, your employer should send you this slip. It shows your earnings and how much tax was deducted.
📄 T2200 – If you're eligible to deduct work-from-home expenses like home office costs, vehicle expenses, or supplies, your employer must complete this form for you.
Self-Employed & Freelancers:
📄 T4A – If you received contract work payments.
📄 T2125 – To report your business income & expenses, including home office, vehicle, and supplies.
Investment Income:
Did you make money from investments in a non-registered account? Keep an eye out for:
📄 T5 – Interest & Dividends
📄 T3 – Mutual funds & ETFs
📄 T5008 – Capital gains/losses from trading stocks
📄 T4PS – If your employer gave you extra money from company profits, like dividends, a bonus, or a reward for being part of a profit-sharing plan.
RRSP Contributions:
Did you make a contribution to your RRSP?
📄 Grab your RRSP tax slips (T4RSP, RRSP Contribution Receipt) to claim your deduction and lower your taxable income.
Tuition & Education Credits:
If you're a student, you might qualify for tuition tax credits!
📄 Your school will provide a T2202 form for Canadian schools or a TL11A/B for international institutions.
Other Slips to Watch For:
📄 T2201 – Disability tax credit
📄 T4E – If you received EI benefits
📄 T4A(OAS), T4A(P) – If you received government pensions
📄 Rental Income Statements – If you rented out property
📄 Charitable Donation Receipts – Claim your donation tax credit if you donated to registered charities!
Stay organized & file on time!
📅 Tax deadlines:
- Personal: April 30, 2025
- Self-Employed: June 16, 2025
Financial literacy isn’t taught to everyone, and after 7 years in banking, I saw this firsthand.
That’s why I’m here to make it simple and accessible for everyone.
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