This guide helps you get ready for the 2025 tax season. Here's what you need to know:
- Tax slip timing
- Automatic tax information import
- Registered account contributions
- Reporting investment activity
- Provincial and territorial resources
- Start your tax journey with confidence
Tax slip timing
Common tax slips and their release dates:
- T3/RL-16: By March 31, 2026
- T4A/RL-1: By March 2, 2026
- T4RSP/RL-2: By March 2, 2026
- T4RIF/RL-2: By March 2, 2026
- T4FHSA/RL-32: By March 2, 2026
- T5/RL-3: By March 2, 2026
- T5008/RL-18: By March 2, 2026
- Crypto Tax Statement: By March 20, 2026 (not an official tax slip)
Quebec residents receive both T and RL slips. You'll only receive an RL-32 if you made a taxable FHSA withdrawal.
Automatic tax information import
Save time by importing information from:
- CRA Auto-fill
- Revenu Québec (for Quebec residents)
Registered account contributions
Report contributions for:
Registered Retirement Savings Plan (RRSP)
Report RRSP contributions to potentially lower your taxable income.
You may receive two contribution receipts:
- For March 4–December 31, 2025
- For January 1–March 2, 2026
Contributions you make in the first 60 days of 2026 can be deducted on your 2025 return or carried forward to a future year.
Learn about RRSP contributions
Remember to report:
Learn how to carry forward RRSP contributions
First Home Savings Account (FHSA)
Report FHSA contributions to potentially lower your taxable income. You can claim contributions as a deduction or carry them forward.
Tax-Free Savings Account (TFSA)
TFSA contributions aren't reported on your tax return. Your financial institution reports to the CRA or Revenu Québec annually.
Learn about TFSA contributions
Reporting investment activity
For non-registered accounts, report your gains, losses, and other income earned. Non-registered accounts include:
- Personal accounts
- Joint accounts
- Save or Joint Save accounts
- Crypto accounts
- Save for business accounts
- Invest for business accounts
Download your tax slips from Wealthsimple
When you sell a security for profit:
- 50% of realized capital gains are taxed at your marginal tax rate
- You'll receive a T5008/RL-18 showing your sale proceeds and book cost, which you'll use to calculate your capital gains
- Report your adjusted cost base (ACB) using T5008 information
Report interest earned or dividends received in non-registered accounts:
- $50 or more: You'll receive a T5 (and RL-3 in Quebec)
- Less than $50: No slip issued, but you still need to report it on your return
Crypto gains and losses
We don't issue a T5008 for crypto accounts. Instead, you'll receive a Crypto Tax Statement showing the proceeds and book cost for each sale or trade. It isn't an official tax slip, but you can use it to calculate your gains or losses.
Learn how to report crypto held outside Wealthsimple
Report cryptocurrency gains or losses manually
Provincial and territorial resources
Here's information specific to each province or territory:
Alberta
British Columbia
Manitoba
- Tax calculator
- Provincial tax overview
- Manitoba education property tax credit
- Manitoba personal tax credit
New Brunswick
Newfoundland and Labrador
- Tax calculator
- Provincial tax overview
- Newfoundland and Labrador harmonized sales tax credit
- Newfoundland and Labrador seniors benefit
- Low-income tax reduction
Northwest Territories
Nova Scotia
- Tax calculator
- Provincial tax overview
- Low-income tax reduction
- Nova Scotia affordable living tax credit
Nunavut
Ontario
Prince Edward Island
- Tax calculator
- Provincial tax overview
- Low-income tax reduction
- Prince Edward Island sales tax credit
Quebec
Saskatchewan
Yukon
Start your tax journey with confidence
Wealthsimple Tax is here to simplify your tax filing experience. Our user-friendly platform and automatic import features save you time and help maximize your refund.
Ready to take control of your taxes?
- Get started with Wealthsimple Tax and file with ease
- Explore our comprehensive tax Help Centre articles for in-depth information
- Book a session with our tax experts for personalized advice (available with the Pro Plan)
Remember, our support team is always here to help you navigate your tax journey.
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