Tax season is over — here's what smart Canadians do in May
The best time to reduce next year's tax bill is right now. Here's your May checklist.
Tax season just ended — and most Canadians immediately stop thinking about taxes until next April. That's exactly the wrong approach.
The decisions you make in May, June, and July have a direct impact on what you'll owe next spring.
Review your Notice of Assessment
Your NOA arrives 2-8 weeks after filing. Check your RRSP contribution room for next year — this drives your tax planning for the next 12 months.
Set up your 2026 tracking now
Start folders for: vehicle expenses, home office, business meals, professional development. The Canadians who get the best outcomes are organized year-round.
Plan your RRSP contributions
Monthly contributions throughout the year are easier than a lump sum in February. Calculate your ideal monthly amount based on your contribution room.
Start your mileage log
CRA requires a logbook for vehicle expenses. Note your current odometer reading and start tracking today.
TaxTrack is built for exactly this — upload documents as they arrive, and by April your return is already done.
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