Important Tax Dates for Canadian Investors in 2025 🇨🇦

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  1. Dec. 30, 2024 – Tax-Loss Selling Deadline:

Want to offset gains with stock market losses? For Canadians, this is your deadline to sell. U.S. equities get an extra day (Dec. 31).

:warning: Don’t forget: CRA’s superficial loss rule prevents repurchases of the same stock within 30 days of selling for tax-loss purposes.

  1. Jan. 1, 2025 – TFSA Contribution Limit Resets:

Good news—your TFSA limit goes up by $7,000!

:stop_sign: Reminder: Over-contributing results in penalties. (Track your limits carefully!)

  1. March 3, 2025 – RRSP Contribution Deadline:

Contribute by this date to lower your 2024 taxable income. Pro tip: Use any refund to top up your TFSA.

  1. April 30, 2025 – Tax Filing Deadline:

Have income from investments? This is your chance to deduct RRSP contributions and report gains—or use prior capital losses.