When is Canada’s 2026 tax filing deadline?

Most individuals must file 2025 returns by April 30, 2026. Self-employed filers have until June 15 to file, but any balance is still due by April 30. The RRSP contribution deadline for 2025 is typically March 1, 2026. Filing early helps speed direct-deposit refunds.

What is OBBBA and how could it affect 2026 returns?

OBBBA is a tax package that shifts brackets and makes the standard deduction higher on a permanent basis, with an added bonus deduction for seniors starting in 2026. The changes can lower taxable income for many filers and may alter withholding, cash flow, and spending next year.

Will bigger tax refunds boost Canadian stocks?

Refunds are expected to be larger in the United States this season, which can lift spending into late Q1 and early Q2. That can help TSX retailers, e-commerce, and payments names through cross-border demand and sentiment. Watch earnings calls for commentary on traffic, basket size, and promotions.

How should I prepare before the tax filing deadline?

Gather slips, confirm credits, and file electronically with direct deposit. Check RRSP contributions before the March 1, 2026 cut-off for the 2025 tax year. Review withholding and instalments to reflect 2026 changes. Set a plan for any refund, prioritizing debt, TFSA and RRSP contributions, and a cash buffer.

Global Market Insights

February 07: Tax Filing Deadline—OBBBA Changes, Bigger Refunds

ByHuzaifa Zahoor February 7, 2026February 7, 2026

With the tax filing deadline approaching, we see two forces investors should track. First, OBBBA shifts and a higher standard deduction are set to shape 2026 tax changes, including a new seniors bonus deduction. Second, projections point to bigger tax refunds this season, which could lift consumer spending into late Q1 and early Q2. For Canadian investors, that flow matters for retail, e-commerce, and payments exposure across North America. Here is what to know, what to watch, and how to prepare.