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Benefits and Obligations as a Taxpayer for The Students
If you're just starting to file your taxes, you'll find the Canada Revenue Agency's (CRA) online information is a fast and easy way to understand what you need to do. Check out a new video for Canadian students meant specially to help them with filing their income tax and benefit return. This tax information video and others like it allow you to choose specific segments that interest you, so you can access only the information you need, when you need it. By watching this video, you'll be aware of all credits and benefits available to you and your obligations as a taxpayer.
Important Facts
— You might discover that you're eligible for the GST/HST credit or that you can claim deductions for moving expenses;
— You might also be able to claim amounts for interest paid on your student loans, or amounts for education, tuition, textbooks, or public transit passes;
— If you have income to report and tax to pay, you must file an income tax and benefit return every year.
CRA online info makes claiming your benefits and doing your taxes easy! Get the basics. Go to www.cra.gc.ca/youth for everything you need to know.
The CRA's online services are fast, easy, and secure. You can use them to file your income tax and benefit return, make a payment, track your refund, and more. Sign up for direct deposit too! Your refund and any benefit or credit payments owed to you will be deposited directly into your account, putting your money into your pocket faster. Plus, if you request direct deposit and file online, you may get your refund in as little as eight days!