When is Tax Season in Canada?

Tax season in Canada usually starts in late February and runs until April 30 for most people.

If you are self-employed, you usually have until June 15 to file your tax return, but if you owe money, the payment deadline is still usually April 30.

For the 2025 tax year, that generally means:

• most Canadians need to file by April 30, 2026

• self-employed Canadians usually need to file by June 15, 2026

• any tax you owe is usually due by April 30, 2026

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

What Is Tax Season?

Tax season is the time of year when Canadians prepare and file their income tax returns.

This is when you:

• report how much money you made

• claim deductions and credits

• find out if you owe money

• or see if you are getting a tax refund

For most people, this happens once a year in the spring.

When Does Tax Season Start in Canada?

In Canada, tax season usually starts in late February. That is when online filing typically opens and people can begin submitting their tax returns.

Even if tax season starts in February, many people do not file right away. Some wait until they receive all of their tax slips, like:

• T4 for employment income

• T5 for investment income

• T4A for other payments

• RRSP contribution slips

When Is the Tax Filing Deadline in Canada?

For most Canadians, the tax filing deadline is April 30.

If you miss that deadline and owe taxes, you may have to pay:

• a late filing penalty

• interest on the balance you owe

That is why it is important to file on time, even if you cannot pay the full amount right away.

^{*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.}