When is Tax Season in Canada?

In Canada, tax season is the period when you gather your slips, file your return, and pay (or get back) what you owe for the previous calendar year.

At a high level:

• The tax year for individuals runs from January 1 to December 31

• Most people file their return between February and April

• The standard filing deadline for most individuals is usually April 30

• If you or your spouse/common-law partner are self-employed, you generally have until June 15 to file—but any balance owing is still due by April 30

• The RRSP contribution deadline for a given tax year is the 60th day of the following year (often around March 1), and contributions before that date can usually be applied to the previous tax year

So in practice, “tax season” tends to feel like:
February → early March (RRSP deadline) → April 30 (filing/payment deadline).

How KOHO Essential Helps During Tax Season

KOHO Essential is designed to work like a no fee monthly account for most people because:

• It has a low monthly plan fee that can be waived when you set up direct deposit or add +$1,000.

• Get paid one day earlier*

• Grow your savings with a 2% interest savings rate on your entire balance.

• Earn 1% cash back on groceries, eating & drinking, and transportation.

• Enjoy unlimited transactions (never worry about sending money to someone again).

• Add Credit Building to help build your credit history without relying only on a traditional credit card

Getting Ready for Tax Season: Quick Checklist

You can round out the article with a short prep section like:

• Gather your slips: T4, T4A, T5, T2202, and any other income or deduction documents

• Log in to CRA My Account to check past returns, RRSP room, and benefit info

• Note key dates: RRSP deadline (around early March) and filing/payment deadline (typically April 30)

• Decide where you want your refund deposited—and set KOHO details as your direct deposit info if you want it there

^{*While Direct Deposits are typically received and processed the evening before your scheduled payday, the actual timing may vary depending on when the payment is issued. Please allow up to 2 business days for complete processing.}