Welcome to our 2025 financial calendar, brought to you by AimStar! This comprehensive “at a glance” guide is essential for tracking key dates related to government benefits, tax obligations, investment opportunities, and monetary policy announcements. Bookmark this page or add these dates to your personal calendar to ensure you stay informed and effectively manage your financial responsibilities.
Government Benefits Distribution Dates:
- Canada Child Benefit
- Canada Pension Plan (CPP)
- Old Age Security (OAS)
- GST/HST credit
Investment Contribution Openings and Limits:
- TFSA, RRSP, FHSA, RESP, RDSP (with annual contribution limits provided)
Tax Filing Deadlines:
- Personal income tax
- Terminal tax returns for individuals who passed away in 2024
- Self-employed individuals
Contribution Deadlines:
- RDSP, RRSP, RESP, TFSA, and FHSA
Other Important Deadlines:
- Charitable contributions
- Contributing to and converting RRSP to RRIF for those turning 71 in 2025
Monetary Policy Announcements:
- Bank of Canada Interest Rate Announcements: Keep an eye on these dates as changes can affect bank prime rates, mortgage rates, and the Canadian dollar’s value.
- USA Federal Open Market Committee (FOMC) Meetings: Critical for understanding shifts in U.S. monetary policy, which can have global financial implications.
For those managing assets or investments in both Canada and the U.S., these announcements provide key insights into potential market shifts.
April 30, 2025, is the last day to file your personal income taxes, and tax payments are due by this date. This is also the filing deadline for final returns if death occurred between January 1 and October 31, 2024.
May 1 to June 30, 2025, would be the filing deadline for final tax returns if death occurred between November 1 and December 31, 2024. The due date for the final return is six months after the date of death.
The tax deadline for all self-employment returns is June 16, 2025. Payments are due April 30, 2025.
The final Tax-Free Savings Account, First Home Savings Account, Registered Education Savings Plan, and Registered Disability Savings Plan contributions deadline is December 31, 2025.
December 31, 2025 is also the deadline for 2025 charitable contributions.
December 31, 2025 is also the deadline for individuals who turned 71 in 2025 to finish contributing to their RRSPs and convert them into RRIFs.
Please reach out if you have any questions.