Do I get 15% refund on my tuition fee paid?
The 15%, which is the federal tax bracket is multiplied by your tuition paid. (This will serve as a non-refundable tax to reduce your tax liability to zero)
I missed the last filing season; can I file for prior year?
Yes, You can
As an international student, am I qualified to file my Taxes?
Yes, According to CRA, you are regarded as a resident once you move into Canada, and as a resident you are required to file your tax return
What is a non-refundable tax credit?
A non-refundable tax credit is a tax benefit given to you by CRA to help reduce your tax liability to zero
Can I file my taxes with Zero income?
Yes, and with that you can receive your GST/HST credit
I have lost my T4 from my off-campus employer. What should I do to be able to file taxes?
In this case you can contact your employer to get another one, in a situation where your employer is unavailable you can contact CRA
What benefits can I claim as a first-time filer?
You will claim GST/HST, Medical benefits, Canada Childcare benefits (if you have a child)
What other tax slips should I know?
T3 – Statement of Trust Income Allocations and Designations – slip information for individualsT2202 – Tuition Enrolment Certificate
T1204 – Government Services Contract Payments
RC62 – Universal Child Care Benefit statement
RC210 – Working Income Tax Benefit Advance Payments Statement
RRSP contribution receipt – slip information for individuals
PRPP contribution receipt – slip information for individuals
T2202 – Tuition and Enrolment Certificate
After filing my taxes, when will I get my refund?
If you have received the notice of assessment but haven’t received the tax refund, you should be able to receive the tax refund through a cheque or direct deposit within 2 weeks.
Do I get my refund directly into my bank account?
Yes, CRA will automatically forward your refund to your bank account if you signed up for direct deposit, else a cheque will be sent to your mailing address provided while filing your tax
Can I get GST credit with zero income?
Yes, in most cases all you have to do to receive GST/HST credit is file your taxes each year
Do I need to report my income from my home country as a newcomer?
Yes, you are to report your net pay in CAD equivalent if you were working
What are T4 slips?
T4 – Statement of Remuneration Paid
T4A – Statement of Pension, Retirement, Annuity, and Other Income
T4A (OAS) – Statement of Old Age Security
T4A(P) – Statement of Canada Pension Plan Benefits
T4E – Statement of Employment Insurance and Other Benefits
T4RIF – Statement of Income from a Registered Retirement Income Fund
T4RSP – Statement of RRSP Income
What are T5 slips?
T5 – Statement of Investment Income – slip information for individuals
T5007 – Statement of Benefits
T5008 – Statement of Securities Transactions – slip information for individuals
T5013 – Statement of Partnership Income
T5018 – Statement of Contract Payments
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