Your income tax return depends on your residential status to Canada, especially if you’re an international student studying in the country. Ensure that you are aware of your residency status, so that you will be aware of the way you will be taxed in Canada. Here are some of the things you need to know, concerning residential status.
In terms of residency status, for the sake of income taxes, if you are an international student studying in Canada, then you will be considered as one of these residents:
Resident (these may include students who live in Canada for part of the year)
Non-resident
Deemed resident
Deemed non-resident
You should also be aware if the residential ties with Canada, because residency status is based on those ties. Those ties include the following:
A home in Canada
A common-law partner, spouse, or dependents who move to Canada to reside with you
Social ties with Canada
Possibly a Canadian driver’s license
Possibly a Canadian bank accounts or credit cards
Possibly some health insurance with a Canadian province or territory
Now you need to determine your residency status and you may not have established significant residential ties with Canada if you do the following:
If you return to your home country on a periodic basis or for a significant amount of time in the calendar year.
If you move to another country when you aren’t attending university in Canada.
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.
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