Students: You’ve Got One More Paper to Turn In
By Colette Turgeon, Communications Officer
Canada’s deadline to file individual income tax and benefit returns is April 30….but you’ve probably already learned that you shouldn’t wait until the last minute to hand in your work.
April is a busy time for students—not only are you wrapping up the semester and in the midst of finals, but you’re also making summer plans or preparing for the summer semester. Avoid adding to your workload and stress level by filing your tax return early, and by taking advantage of the secure online services the Canada Revenue Agency (CRA) offers. With the many online help tools, including easy-to-follow videos that are accessible 24/7, filing your tax return has never been easier.
If you haven’t worked in the past year, you might think you don’t need to file a return, but that could cost you. You have to file to make sure you receive any payments to which you may be entitled, such as a refund or quarterly GST/HST credit, which you likely qualify for if you are at least 19 years old.
Are you a foreign student who is unclear about whether to file? If you are studying as an international student, you first have to determine your residency status at www.cra.gc.ca/internationalstudents. You may owe taxes to the Canadian government, and may qualify for GST/HST credit payments. If you are an international student, your individual income tax and benefit return is generally due on April 30 and you have to send it to the CRA’s International Tax Services Office. If you have questions, call CRA’s International tax and non-resident enquiries line at 1-855-284-5942.
The CRA has dedicated part of its website to students and the specific tax scenarios that may affect them. Go to www.cra.gc.ca/students to find everything you need to know about your tax return, including how to claim tuition, education, and textbook amounts, and moving expenses.
If you need help filing your return, have a modest income, and a simple tax situation, contact the Community Volunteer Income Tax Program, which runs volunteer tax clinics across the country. To find a volunteer tax preparation clinic, go to www.cra.gc.ca/volunteer.
With so many options available to guide you during this tax season, there’s no excuse to delay. If you file online and sign up for direct deposit, you may receive your refund in as little as eight days! To get started on your taxes, go to www.cra.gc.ca/getready.
And don’t miss the latest CRA news or tax tips—follow us on Twitter: @CanRevAgency.
Don’t delay, beat the April 30 deadline!