Reasons Canadian Students Need To File A Tax Return

As an international student, schooling in Canada, you may have to file a tax return. Why? It’s because the Canadian tax system isn’t based on citizenship, but on residency, so as long as you’re living there, you have to pay your taxes.

This means that you must submit an income tax form to the government, so that you can receive the tax credits that can be of great financial help to you. It may be required that international students pay Canadian income tax on income earned from things like teaching, research assistantships, investment/business income and other sources of employment. If you are getting any income outside of Canada, then you may also need to report that income as well.

Here are some of the reasons you must file a tax return if you’re a student in Canada…

You must file a tax return if you owe the government income tax.

You must file a tax return if the CRA asks you to file one.

You must file a tax return if the government is supposed to give you an income tax refund.

You must file a tax return if you are applying for the GST/HST credit.

You must file a tax return if you qualify to receive the child tax credit.

You must file a tax return if you may earn more income in Canada at some future point.

If you are looking for a professional accountant to do your taxes in Canada, then you have come to the right place as we are tax experts in Kingston Ontario and we can help process your income tax return quickly while maximizing the tax return you will receive. Our decades of income tax filing experience can help you with your personal and business taxes in Kingston. Remove the headache from taxes and let our skilled tax consultants handle your accounting and bookkeeping to process smooth tax returns for you. Precise, Accurate Instant Tax Refunds Since 2002.