Okay, we are just about to wrap up the 2013 tax year, and already you need to start thinking about your 2014 tax if you are a student. If you are used to working part time during the school year, or finding summer employment then you already know that this can create some tax implications…
It is hard enough having to concentrate on your studies, then take on the financial responsibilities of your education without having to consider your tax implications, yet it is an additional burden as a Canadian student that you may be faced with. If you are going to take advantage of any potential student tax…
As you are now a student that is probably having to contribute financially to your education then it also may mean that you should be able to start filing your own taxes. Perhaps you have heard so many moans and groans from the older adults about this obligation that it is one you really don’t…
Most parents that have school age children love to see the kids return to school after a long summer of attempting to keep them entertained. What they don’t like to see is the hefty bills that come along with the back to school shopping. What they may not be aware of either is the Canada tax relief…
Many students in Ontario really want to work during the summer months to help pay for the following year’s tuition. The problem is if they are living at home they just aren’t sure how their income may affect their parents and their taxes. To help clear up some of the misconceptions and answer some…
I often have clients come in with copies of cheques for tuition fees paid and lots of book receipts. In order to claim tuition over $100 and a credit for amounts paid for books on your tax return from Universities, colleges or a certified institution you must obtain a T2202A form from your school. What…
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