MT and T Tips & Advice

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8 things students need to know at tax time

 

Here are some tips to help you do your taxes:

  1. Remember to collect all T4s from all jobs, and be sure to report them on your tax return. This is to make sure you get the correct refund amount.
  2. Know what you are eligible for in advance. As a student, there are many things you may be able to claim, including your:
  3. Remember to keep your address up-to-date if you move for work or school. You can change your address easily in My Account.
  4. You can let a parent or another person deal with the CRA on your behalf by using the Authorize my representative service in My Account. Your representative will have then access to your information and the online services to easily manage your account.
  5. Need help doing your taxes? The Community Volunteer Income Tax Program (CVITP) may be able to prepare and file your tax return for you if you have a modest income and a simple tax situation. For more information, go to cra.gc.ca/volunteer.
  6. Sign up for CRA’s online services to make taxes easier and get your refund faster. File your income tax and benefit return, make a payment, track your refund, receive your notice of assessment, and more. Also, sign up for direct deposit and get your refund deposited straight into your account. For more information, go to cra.gc.ca/getready.
  7. Get the myCRA mobile app and view your tax information anytime, anywhere. To easily keep track of any benefit payments, get the MyBenefits CRA mobile app.
  8. The CRA has a YouTube channel full of videos that help you understand Canada’s tax system. Check out our two videos that will help you put cash back in your pocket this filing season: Filing your Tax Return and Filing by Yourself.  
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