In 2023, Tax Dates You Should Know About

We've collected for you the most crucial tax due dates as well as deadlines to make sure you're well-prepared in time for tax season and can file in time!

January

Make sure you check the status of your CRA My Account or create one if you don't have one. In this way, you'll will have plenty of time to ensure that your information is correct within the system. It takes several days to receive your verification code for your account and this will give you ample time before the hectic tax season starts.

February

The Canada Revenue Agency (CRA) and Revenue Quebec will open NETFILE and ReFILE services for the tax year 2022 beginning February 20th and 2023. That means you'll be able to file your tax return on the internet from mid-end of February.

It's likely that you won't get your T-slips from the employer or other sources of income sources at the moment however, you'll get them soon. This is the perfect moment to start organizing.

March

It is important to note that the RRSP due date for contributions is the 1st of 2023. Make sure to look over your 2021 Notice of Assessment to see if you have space inside your RRSP to make last-minute contributions to your RRSP.

March is the perfect month to start filing your taxes, so you'll receive your tax refund as soon as you can or take the time to create plans for the best way to pay any tax owed.

May

We thought we had skipped April as it is typically the most important tax month, as taxes are due in the month of April however since the last day of April occurs on an unplanned weekend the tax deadline is actually the 1st of May 2023.

The balance of your taxes is due today, too. For those who are self-employed and thus not required to file until the 15th of June - the balance of your tax owed must be paid today as well.

June

We kind of spoiled the surprise however, the 15th of June, 2023 is the tax due date for tax filers who are self-employed.

If you have any concerns regarding when and how to prepare your taxes, the MBA Accounting Tax Experts are here to assist you! Find an office close to your home to schedule an appointment now.