Important year end tax deadlines

December 12

Making charitable donations from your investment account:

If you wish to donate money from your investment account to a charity, this is the last day to contact us for this donation to qualify for the 2025 tax year. Any requests after this date will be done on a best-effort basis.

December 29

Contributing to an RESP or TFSA by online bill payment:

This is the final date to contribute to a Registered Education Savings Plan (RESP) or Tax-Free Savings Account (TFSA) by online bill payment to make sure it counts for the 2025 tax year. Funds need to be deposited to your account by this date (two business days before the last business day of the year), so that your contribution can be booked in time. (It can take up to two days for us to receive the funds from your bank.) To ensure the payment has been deposited to your account for 2025, log in to Questrade, (opens in a new tab) go to Reports, and check your recent transaction history.

For TFSAs, to confirm if you still have available contribution room and to make sure you don’t over-contribute, contact the Canada Revenue Agency for an official statement. Check the TFSA contribution rules (opens in a new tab).

RESPs have a lifetime contribution limit of $50,000. The government matches a portion of your contributions with the Canada Education Savings Grant (opens in a new tab). You have some flexibility to catch up if you miss the RESP contribution deadline but the sooner you contribute, the sooner your money can start earning investment returns for you.

December 29

Contributing to your FHSA by online bill payment:

This is the final date to contribute to your FHSA by online bill payment (sent by 6 pm EST) to make sure it counts for the 2025 tax year.

To ensure the payment has been deposited to your account for 2025, log in to Questrade, (opens in a new tab) go to Reports, and check your recent transaction history.

Note: any FHSA contributions received on the first business day of 2026 will NOT be automatically backdated for the 2025 tax year. For any 2025 payments received after the first business day, you will need to provide us with proof of the payment date by January 16, 2026 so that we can backdate to 2025. For more information, go to Questions about your FHSA. (opens in a new tab)

To learn more about the rules for making contributions to an FHSA, see Participating in your FHSAs (opens in a new tab).

For more information go to FHSA Contribution Deadlines for 2025

December 30

Tax-loss selling of investments:

If you have a self-directed account and you’re planning to do tax-loss selling for any of your Canadian or U.S. listed securities, this is the last day you can sell investments to have them qualify for the 2025 tax year.

If you are a Questwealth customer, we look after tax-loss selling (also known as tax-loss harvesting) for you.

December 31

Contributing to an RESP or TFSA by Instant Deposit:

This is the final date to contribute to your RESP or TFSA by instant deposit (opens in a new tab) (sent by 5 pm EST) to make sure it counts for the 2025 tax year.

December 31

Contributing to an FHSA by Instant Deposit:

This is the final date to contribute to your FHSA by instant deposit (sent prior to midnight in your time zone) to make sure it counts for the 2025 tax year.

For more information go to FHSA Contribution Deadlines for 2025

January 1

Planning your RRSP contributions and tax time:

To help you get organized, consult Important dates for tax slips (opens in a new tab). This chart tells you what tax slips or contribution receipts you could expect to receive, depending on the type of investment account you have, and when you can expect to receive them.