top of page

2025 Tax Season Update

Writer: Mario MotaMario Mota

To help you navigate this tax season, our office wanted to take a moment to remind you of some important considerations regarding your RRSP (Registered Retirement Savings Plan) contributions and upcoming tax-related deadlines.


It is estimated that by the end of March 2025, majority of tax slips should be issued either electronically or via mail.


RRSP Contribution Deadlines


2025 RRSP Deadline for First 60 Days Contributions: March 3, 2025. Contributions made from January 1 to March 3, 2025, can be claimed for the 2024 tax year. When contributing online, be aware there might be a delay. Ensure you receive transaction confirmation from your bank showing the funds were transferred before the deadline.


Tax Slip Distribution


Remainder of Year 2024 RRSP Contribution Receipts: Mailed out as of January 13, 2025, for deposits from March 1, 2024, to December 31, 2024.


First 60-Day RRSP Contribution Receipts:

Deposits from January 1 to January 22, 2025, mailed by January 27, 2025.

Deposits from January 23 to February 13, 2025, mailed weekly.

Deposits from February 14 to March 3, 2025, mailed daily.


Year-End Tax Documents

T4RSP, T4RIF, NR4, T4A, T4FHSA: Mailed by February 28, 2025.

T5 (investment income in non-registered accounts), T5008 (statement of security transactions): Mailed by February 28, 2025.

T3 (income and capital gains from trust units), T5013: Mailed by March 31, 2025.


Online Access


All tax slips are available online within 2-4 business days after mailing.


Note: If you haven't received your tax documents by the expected dates, you can reach out to our office and we can email you a copy of your tax slip.


If you have any questions or concerns about your RRSP contributions or the upcoming tax season, please do not hesitate to contact us or your accountant. We are here to assist you in making informed decisions that align with your financial goals.

 
 
The | Steele Group / CI Assante Wealth Management

Assante Financial Management Ltd.

544 Hespeler Rd
Cambridge, ON N1R 6J8

Telephone: 1.519.622.3740

Fax: 1.519.622.0508

Toll-free: 1.888.824.4351

www.assante.com

CIRO_W.png

Assante Financial Management Ltd. (“AFM”) is a registered mutual fund and an exempt market dealer providing mutual fund products and investment services. AFM advisors are licensed to sell mutual funds, guaranteed investment certificates (“GICs”), government bonds and other securities that are subject to available regulatory exemptions and required proficiencies.

 

AFM is a member of the Canadian Investment Regulatory Organization (“CIRO”), the national self-regulatory organization (“SRO”) that oversees all investment dealers, mutual fund dealers and trading activity in Canada’s debt and equity marketplaces. To learn more about CIRO please visit Canadian Investment Regulatory Organization (ciro.ca).

Always get the latest news

Sign up to receive news and updates.

By providing your email address, you provide us with your express consent to send you commercial electronic messages related to finances and/or investments that maybe of interest to you. Should you wish to discontinue receiving emails of this nature, you may contact us to withdraw your consent at any time. Your personal information will not be distributed, sold, or traded – it will remain strictly confidential and will only be used for the purpose for which it was provided. For more information on Assante’s commitment to privacy and responsible use of information, please visit www.assante.com/privacy-policy 

bottom of page