If you are a resident of Canada or an International Student who is here on a study permit and residing in Canada temporarily, you may be eligible for certain payments or credits, you must file an income tax return.All Canadian residents as of December 31 of any given year must also file an income tax return.

Generally, your income tax return must be filed on or before April 30 of the year following the year for which the return is being filed. If you owe tax and you file your tax return late, you will be charged a late-filing penalty and interest on any unpaid amounts. As this year April 30th falls on a Saturday the CRA is allowing returns to be filed until May 2, 2022.

Employment Income T4, Scholarships/Bursaries T4A, Employment Insurance Benefits T4E, Worker’s Compensation Benefits T5007, ODSP/Social Assistance Income T5007, Investment Income T5, RRSP Income – HBP/LLP Repayment T4RSP, Business/Professional or Commission Income, Foreign Income & Capital Gains. ***We will also need to know the amount of world income you earned in the year that you came to Canada.

Union Dues, Charitable/Political Donations, RRSP Contributions, Tuition Slip T2202A, Student Loan Interest, Medical Expenses, Child Care Expenses, Child Fitness & Arts Expenses, Allowable Employment Expenses, Capital Losses & Carry ForwardsOther information needed:•Social Insurance Number (SIN)•Notice of Assessment from previous years tax filing if you have filed a return•Banking information for Direct Deposit (Account, Transit and Branch numbers required)•Passport for International Students

Union Dues, Charitable/Political Donations, RRSP Contributions, Tuition Slip T2202A, Student Loan Interest, Medical Expenses, Child Care Expenses, Child Fitness & Arts Expenses, Allowable Employment Expenses, Capital Losses & Carry ForwardsOther information needed:•Social Insurance Number (SIN)•Notice of Assessment from previous years tax filing if you have filed a return•Banking information for Direct Deposit (Account, Transit and Branch numbers required)•Passport for International Students.

All relevant documents, please refer to the types of income and the types of deductions lists above.

Retain all documents relating to your income tax returns for at least 7 years, in case you are asked to provide this information at a later date.

Yes, the CRA always needs to know where you live to receive your benefits, if mail is returned to them they will stop all payments until you contact them with your new address.

Yes, your employer will issue you a T4 slip for the year that you worked there. All world income is to be reported on your tax returns every year.

Tuition, education, and textbook amounts are non-refundable tax credits that allow students to reduce theirincome tax liability. Tuition credits are accumulated over the years, when you enter the work force and are having income tax deducted we then use those credits to get you back the tax deducted from your pay cheques. In any given year the amount of refund is limited to the amount of tax deducted from your paycheques. Go to your college website account to obtain your T2202A Tuition Slip.

You can claim bus passes and Presto card use prior to June 30, 2017, the credit has since been eliminated.IF I AM MARRIED AND MY SPOUSE DID NOT WORK LAST YEAR DO THEY NEED TO FILE AN INCOME TAX RETURN? Yes, they do need to file a return for your family to receive the GST Credit and Ontario Trillium Benefit if they live in Canada, you must let the CRA know they did not have any income. No matter where in the world your spouse lives you must also report their income on your return to be considered for the credits.

The GST/HST credit is a non-taxable quarterly payment that helps individuals and families with low and modest incomes offset all or part of the goods and services tax/harmonized sales tax (GST/HST) that they pay.You may be entitled to the GST/HST credit after your arrival in Canada if you are considered a resident of Canada for tax purposes. You will automatically be considered for the GST Credit, when you file your tax return, the CRA will determine your eligibility. The payment schedule for the GST Credit is quarterly beginning in July, October, January and April on the 5th of each month.

The Ontario Trillium Benefit combines the following: Ontario Sales Tax Credit. Ontario Energy and Property Tax Credit, and. Northern Ontario Energy Credit. When claiming your rent, you must be able to obtain a rent receipt from your landlord otherwise you are not able to claim your rent. Claiming rent when you do not have a receipt will result in you repaying the government the money you received for the benefit. The payment schedule for the OTB is monthly on the 10th of each month provided the total amount owed to you for the credit is greater than $360.

We make the application when we file your tax return, therefore it is important to be current with filing your taxes to ensure your benefits are not interrupted.

The Canada child benefit (CCB) is a tax-free monthly payment made to eligible families to help them with the cost of raising children under 18 years of age. Application for the CCB is made on your income tax return. The payment schedule for the CCB is monthly on the 20th of each month.

You may qualify for the credit when you become a resident of Ontario; however, you will have to file an income tax return for the year you arrived (i.e.: Arrived December 29, 2016, you would file in March the following year 2017).

“-WE CANNOT CALCULATE THE AMOUNT YOU MAY BE ENTITLED TO RECEIVE FOR ALL PERIODS BECAUSE WE DO NOT HAVE ALL THE NECESSARY INFORMATION. IF YOU PROVIDE THE INFORMATION, WE ASK FOR IN THE DETAILED EXPLANATION SECTION, WE WILL PROCESS IT AND LET YOU KNOW IF YOU ARE ENTITLED.”This is a common request from the Canada Revenue Agency; they would like to confirm the information provided on your tax return for the year you came to Canada. They request this information (written letter) when someone files an income tax return in Canada for the first time and is entitled to the benefits. In future years this should not be requested. Complete the instruction below as soon as possible to resolve their request.Write the Canada Revenue Agency a brief letter stating 2 things: Whether or not you had any world income prior to coming to Canada in the year you came to Canada. (i.e.:Income from employment). If you did not have income prior to coming to Canada, please state this in the letter. IF YOU DID HAVE INCOME CONVERT IT TO CANADIAN DOLLARS. Include in the letter the date you came to Canada along with a photocopy of the stamped passport page for your entry into Canada. Send the CRA a photocopy of the letter you received from the GST Credit /or the Ontario Trillium Benefit departments along with your world income letter and the photocopy of your passport entry page.***In asking for your World Income the Canada Revenue Agency will only use this information to determine if you qualify for the GST Credit, the Ontario Trillium Benefit and the Canada Child Benefit.

You will not pay tax PLEASE SEND ALL OTHER ENQUIRIES TO: [email protected]

Students and Income Tax:
Follow the link below for information from the CRA related to Students and Income Tax. https://www.canada.ca/content/dam/cra-arc/formspubs/pub/p105/p105-12-21e.pdf

You will need a T2202A for each year that you are filing for and have completed a full semester of school, they must be included with your return in the year you attended school.

Did you attend college or university outside of Canada?
Have your educational institution complete the form in the link below:
https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/tl11a/tl11a-21e.pdf

Are you a Newcomer to Canada?

Follow the link below for information related to newcomers to Canada https://www.canada.ca/content/dam/cra-arc/formspubs/pub/t4055/t4055-21e.pdf