2025 tax credits, due dates, and when you can file: Your 2025 income tax return guide + MORE Jan 28th

Tax season is once again nigh. The Canada Revenue Agency’s deadline (for most of us) is fast approaching on April 30. Bookmark this page for easy access to key dates and deadlines, tax rates, tips, and links to help you prepare your 2025 personal income tax return. We will be updating it as new information becomes available and deadlines approach.

We also have answers from the experts you won’t find anywhere else, thanks to our back catalogue of Ask MoneySense columns. But first, let’s look at what’s different this year.

What’s new for the 2025 tax year?
New bottom-bracket tax rate: As part of its platform in the April 28, 2025, federal election, the Liberal party promised to lower the tax rate on your first $57,375 of income to 14% from 15%. After the Liberals won, the government implemented the change as of July 1, 2025. As a result, the effective tax rate for 2025 splits the difference at 14.5%. Barring further rate changes, the rate on this bottom tax bracket for the 2026 tax year will be a flat 14%…

Savings comparison tool

Find the best and most up-to-date savings rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated return based on the size of your balance.

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Why trust us
MoneySense is an award-winning magazine, helping Canadians navigate money matters since 1999. Our editorial team of trained journalists works closely with leading personal finance experts in Canada. To help you find the best financial products, we compare the offerings of major institutions, including banks, credit unions and card issuers. Learn more about our advertising and trusted partners.

Best high-interest savings account rates in Canada

Generally, savings accounts offer very low interest rates. So, if you want to earn on your deposits (rather than simply using your account as a temporary “holding tank” or directing to longer-term saving and investing vehicles), a savings account with a high interest rate is a no-brainer…