Raj Katlaria, CPA, CGA

01/13/2026

The Canada Revenue Agency (CRA) starts processing your 2025 tax return (filed in 2026) as soon as you file, with online returns typically processed within 2 weeks for refunds/assessments, but the impact on benefits (like GST/HST credit, Canada Child Benefit) is based on your previous year's (2024) return, recalculated in July 2025 for the July 2025-June 2026 period. Major changes for the 2025 tax year (filed in 2026) include the proposed capital gains inclusion rate (potentially affecting returns filed after Feb 2025) and new digital platform reporting, with deadlines around April 30, 2026, for most, notes Canada.ca.

Key Timelines & Impacts for Your 2025 Taxes (Filed in 2026):

Filing Opens: EFILE/ReFILE services for 2025 returns opened February 24, 2025, for tax preparers.

Processing: Online filing generally yields refunds/assessments within 2 weeks; paper returns take about 8 weeks.

Benefit Recalculation (GST/HST, CCB): Your 2024 return info determines July 2025-June 2026 benefits.

Filing Deadline: April 30, 2026, for most; June 15, 2026, for self-employed.

Payment Due: April 30, 2026, for 2025 taxes.

02/21/2025

https://immigrationnewscanada.ca/cra-netfile-free-tax-filing-2025/

Get ready, Canada—tax season is almost here! The Canada Revenue Agency (CRA) will officially open NETFILE and ReFILE services on Monday, February 24, 2025.

10/31/2024

On this dawning very auspicious Diwali period, we wish , the very best wishes to you and your beloved family, dear relations and friends. ; May the Divine Energy of the Panchayatana that enters the universe with Diwali, bring prosperity, wealth and happiness to the whole world.

10/17/2024

https://www.canada.ca/en/revenue-agency/campaigns/tax-schemes.html

Information on tax schemes and how to protect yourself against the serious consequences of participating in one.