Important deadlines for 2025
MARCH 3
RRSP contribution deadline
The final date for your RRSP contributions to be eligible for the 2024 tax year is March 3, 2025. Refer to your Notice of Assessment (NOA) or access My Account information on the Canada Revenue Agency (CRA) website for your total RRSP contribution limit for the 2024 tax year.
APRIL 30
Tax filing deadline for individuals
The deadline to file your 2024 personal income tax return is April 30, 2025, unless you're self‑employed. However, the CRA encourages individuals who expect to receive benefits under the GST Credit or the Canada Child Benefit not to delay the filing of their tax return to ensure their entitlements for the 2025-26 benefit year are properly determined.
JUNE 16
Tax filing deadline for self-employed individuals
The deadline to file your 2024 taxes is June 16, 2025 if you're self‑employed. Any tax balance owing, however, is still due April 30, 2025.
An approximate timeline of when you can expect tax documents from IG Wealth Management
JANUARY 27
RRSP contribution receipt
A statement of all RRSP contributions you made between March and December 2024.
FEBRUARY 28
Tax slips for individual and corporate accounts (T3, T5, T4A, T5008)
These slips will be issued if you have earned any interest, dividends or capital gains in a Personal, Joint or Business account, depending on the investments you hold in those accounts.
T3 & T5 slips issued on February 28 will be mainly related to mutual funds.
Note: For any of your holdings in external mutual funds, any T3 or T5 slips will be issued directly to you by the external mutual fund company depending on the timeline determined by the issuer.
FEBRUARY 28
RRSP, Spousal RRSP, RIF, Spousal RIF, LIF (T4RSP/T4RIF slips)
These slips confirm the amounts that have been withdrawn from these accounts and have been reported to the CRA.
MARCH 28
RRSP contribution receipt, first 60 days of 2025
This receipt confirms all RRSP contributions made during the first 60 days of 2025 (if applicable). These contributions may be deducted on your 2024 tax return to the extent you have available RRSP contribution room for 2024.
Tax slips for equity securities (T3, T5013)
These slips will be issued if you have earned any interest, dividends, capital gains or partnership income from securities held in a Personal, Joint or Business account.
Important reminders
2024 TFSA limit: $7,000
2025 TFSA limit: $7,000
2024 RRSP limit: 18% of earned income, to a maximum of $31,560
2025 RRSP limit: 18% of earned income, to a maximum of $32,490
Tax reporting
ADVISORY FEES
If you currently invest in the iProfile Program, IG Advisory Account and/or Series F Funds, the advisory fee for your non-registered accounts may be deductible when calculating your taxable income. The fee for the 2024 calendar year will appear on your December 2024 client statement.
The dates provided are accurate as of the day of publication; however, they are subject to change and may be updated. Please follow our continued updates to ensure that you are receiving information regarding any potential changes to this schedule. This is a general source of information only. It is not intended to provide personalized tax advice.
Written and published by IG Wealth Management as a general source of information only, believed to be accurate as of the date of publishing. Not intended as a solicitation to buy or sell specific investments, or to provide tax, legal or investment advice. Seek advice on up to date withholding rules and rates and on your specific circumstances from an IG Advisor. Trademarks, including IG Wealth Management and IG Private Wealth Management are owned by IGM Financial Inc. and licensed to its subsidiary corporations.
