CRA to carry webinar for worldwide college students…

On November 27 the Canadian Income Company (CRA) will maintain a free webinar for worldwide college students on tax credit and advantages which may be accessible to them.

Figuring out tips on how to file tax returns may be significantly useful for worldwide college students in Canada. Not solely are college students legally required to file taxes (additionally an essential requirement for these hoping to transition to Canadian everlasting residence (PR)), however they might even have as much as 1000’s of owed to them by the Canadian authorities within the type of tax advantages and credit.

The upcoming webinar is free to register for and attend. Individuals may even have the flexibility to ask CRA workers on the webinar their questions on taxes and tax-related subjects.

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The occasion is about to start out at 2 p.m. Jap Normal Time (EST) and can run for about 45 minutes. Worldwide college students trying to register for the occasion can achieve this on the Canada.ca webpage.

A follow-up webinar on advantages and credit obtainable to newcomers in Canada will happen on March 12, 2025.

Worldwide college students attending the occasion can get info on:

• Taxes and why they’re important in Canada;
• Residency standing for tax functions;
• Ways in which they will file their tax returns;
• Tax advantages and credit obtainable to worldwide college students;
• Find out how to acknowledge and keep away from scams; and
• Obtainable CRA providers on-line and in-person.

In earlier iterations of the webinar, CRA workers have addressed questions similar to

• “Do I have to file taxes as a college scholar, even when I don’t work and haven’t any present earnings?”;
• “How can I decide if I’m a resident of Canada for tax functions?”;
• “Am I eligible to work in Canada as a scholar? If that’s the case, when, the place, and the way a lot can I work?”;
• “What ought to I do if I’m ineligible for a Social Insurance coverage Quantity (SIN)?”;
• “Do I have to report monetary help offered by my dad and mom/household as a part of my earnings?”; and
• “What tax advantages and credit could I be entitled to as a world scholar?”

What tax credit and advantages could worldwide college students in Canada be eligible for?

Worldwide college students who’re residents or deemed residents of Canada for tax functions (relying on their particular scenario) could also be entitled to a number of of the next credit and advantages:

• The Canada youngster profit;
• The GST/HST credit score;
• The incapacity tax credit score;
• The kid incapacity tax credit score;
• The Canada Carbon Rebate (previously the Local weather Motion Incentive Fee); and/or
• The schooling tax credit score.

worldwide college students and newcomers may use CRA’s advantages finder device to get a greater thought of what tax applications they might be eligible for.

For extra info on submitting taxes for newcomers in Canada, go to our devoted webpage.

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