Canadians should remember these dates to make the most of their tax file and avoid late penalties or having government benefits interrupted From m_zadikian
H&R Block's Josee Cabral maps out the key tax-filing dates to keep in mind over the next few months.
For those looking to get their tax filing out of the way early, H&R Block senior tax specialist Josee Cabral says it might be beneficial to hold off until the end of February to file. That's because employers have until the end of February to issue T4s and financial institutions don't have to issue T3 and T5 documents until the end of March.
The rule of thumb is the RRSP deduction limit is roughly 18 per cent of your pre-tax income or the limit set by the CRA, whichever is lower. Contribution room is specific to the individual since unused room is rolled over.
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