March 1, 2020

Canada’s 2020 tax season: 4 things you need to know before you file

While taxes are due by April 30th, every year some of the regulations that apply to taxes change, and this year is no exception. Be aware of the deadline for RRSP filing has been bumped to March 2nd; missing it means missing out on using it for your 2019 return. Early filers can begin submitting returns on the February 24th, if you have all your documents. And be sure you’ve reviewed new deductions that are available, such as the Climate Action Incentive available to those filing in Alberta.

“As usual, April 30 is the date most Canadians need to keep in mind. For the majority of tax filers, this is the deadline to both pay any tax due and file returns.”

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