Your ultimate guide to CRA My Account, tax filing, credits, refunds, deadlines, tax brackets, direct deposit enrollment, and more.
MyCRA is the official online portal provided by the Canada Revenue Agency (CRA) for individuals to manage their tax-related information securely. With MyCRA, you can:
The CRA offers a secure sign-in option using a financial institution as a trusted partner. This allows users to access CRA My Account without creating a separate CRA user ID.
The CRA now supports Interac sign-in, allowing users to log in securely using Interac authentication. This extra layer of security enhances protection against fraud.
The deadline for filing your 2024 tax return is April 30, 2025. Self-employed individuals have until June 15, 2025, but any taxes owed must be paid by April 30 to avoid penalties.
To complete and submit the T1 General: Personal Income Tax Return to the Canada Revenue Agency (CRA), individuals must gather their income information, claim eligible deductions and credits, fill out the appropriate sections of the T1 form, and then either file it online using certified tax software, by mail, or through a tax professional before the annual deadline, ensuring all required documentation is included.
The T4: Employment Income Slip is a tax form issued by employers in Canada that summarizes an employee's earnings, deductions, and taxable benefits for the year; employees must receive their T4 by the end of February following the tax year and use the information provided on the slip to accurately report their income when filing their personal income tax return with the Canada Revenue Agency (CRA).
The T5: Investment Income Slip is a tax form used in Canada to report various types of investment income, such as dividends, interest, and certain foreign income; financial institutions and corporations issue T5 slips to investors by the end of February each year, and recipients must use the information on the slip to accurately declare their investment income when filing their personal income tax return with the Canada Revenue Agency (CRA).The T5: Investment Income Slip is a tax form used in Canada to report various types of investment income, such as dividends, interest, and certain foreign income; financial institutions and corporations issue T5 slips to investors by the end of February each year, and recipients must use the information on the slip to accurately declare their investment income when filing their personal income tax return with the Canada Revenue Agency (CRA).
In Canada, cryptocurrency transactions are reported using the T5008: Statement of Securities Transactions or through the general income tax return, as there is no specific slip for cryptocurrency; individuals must track their cryptocurrency transactions, including purchases, sales, and exchanges, to accurately report any capital gains or losses on their personal income tax return to the Canada Revenue Agency (CRA).
You can reset your password through the CRA login page by answering security questions.
Log in to MyCRA and navigate to the "Refund Status" section.
If you owe taxes and file late, CRA may apply penalties and interest.
You can update your direct deposit details through MyCRA or by contacting your financial institution.
Eligibility for tax credits depends on your income, expenses, and other factors. Common credits include child benefits, education deductions, and medical expense deductions.
"Using MyCRA made it easy to track my refund. I received my deposit within 10 days!"
- Sarah M., Toronto"As a small business owner, I appreciate the convenience of NETFILE. Filing my taxes has never been easier!"
- John D., Vancouver"I was worried about missing my filing deadline, but the CRA website made it simple to file on time!"
- Amanda L., Calgary"Interac login adds an extra layer of security, making me feel safer using CRA's online services."
- Michael T., Montreal"Updating my banking information for direct deposit was quick and easy through MyCRA."
- Lisa R., Ottawa