How to apply for tax refund when studying in Canada?

faced with the annual personal tax return, many foreign students are not clear about the tax return process, or think that tax return is dispensable, thus ignoring the benefits brought by tax refund to individuals. Although the tax return time is in April, the knowledge of tax refund should be accumulated from now on.

In terms of tax refund, international students enjoy the same tax refund policies and rights as Canadian local students and immigrant students. Canada stipulates that people who have stayed in Canada for more than half a year need to file tax returns regardless of their income-those whose income exceeds the limit need to pay taxes, while those with low income or no income get tax rebates. As international students who usually have no income or low income, most people can get the refunded tax through tax filing, which is the tax refund.

Tax return is the highlight of April every year

Items that can be refunded by international students:

1. Consumption tax (GST/HST) Goods and services tax/harmonious sales tax

Living in Canada, daily consumption is inevitable. International students enjoy the same treatment as Canadian residents in consumption tax.

consumption tax cannot be accumulated, and foreign students must apply for tax refund or deduction in the current year. Generally speaking, after the tax payment is reported, the government will refund the tax every quarter from the following July, and each person can get at least 242 yuan of consumption tax rebate every year.

2. Tuition

Tuition can play a role in tax returns, which is to offset income and thus achieve the purpose of paying less taxes. If there is no income in the tax year, then the tuition fee will not work. However, if you apply for tuition fees, once you have income and need to pay taxes in the future, tuition fees will help to refund more taxes. The income that students may have during their college years mainly comes from the following items: scholarships, TA or RA, on-campus or off-campus part-time jobs.

Tuition refund can be one of the following:

A. Tuition payment of universities, colleges or other educational institutions (higher education institutions are required)

B. Courses of educational institutions certified by Human Resources and Skills Development Canada to expand and improve vocational skills

C. Universities outside Canada are required to have full-time courses with a length of more than three weeks.

D. The tuition fee for that year exceeds 1 Canadian dollars

There will be a list of students' payment and payment vouchers in the personal account of the school, and students only need to print them out. You can also go to the student account office to ask for a receipt for tuition payment.

3. House rent

At present, only Ontario international students can get a tax refund with house rent. Students in Ontario need to provide their residence address, residence time span, rent, landlord's name or real estate company if they want to apply for housing rent subsidy. When paying the rent, international students should keep the receipt as much as possible, or pay by credit card or check, so as to verify the evidence after tax refund.

4. Ways to file tax returns

The simplest way is to file tax returns with the school. Every year, the International Student Center organizes lectures on tax returns, and when the tax returns are filed in April, the school will also provide a lot of help-there will be special people to help students complete the forms, filling methods, and document requirements. This is the simplest and most economical way to file tax returns. In addition to the first time, there are many professional tax return companies to help individuals complete tax returns. However, professional services often charge 2% or a certain amount of service fees.