10/02/2026
Got a raise or a bonus this year? Learn how bonuses earned this year can change what you owe when you file next year.
A raise or bonus doesn’t mean everything you earn suddenly gets taxed at a higher rate, only the portion above the threshold does. But that can add up, and most people don’t notice until they’re filing in April.
You have until March 1st, 2027 to plan for any extra income. Topping up your RRSP contribution, or making sure certain expenses get claimed in the right year instead of pushed into the next one can change the outcome. After that date, some of those options are gone.
At H&R Block, we can look at your full financial picture and tell you what's worth doing while there's still time. If your income changed this year, it's stopping by instead of waiting until tax season to find out what that change meant. Find an office near you: https://www.hrblock.ca/office-locator