The Accounting and Tax

How To File Tax Returns As A International Student In Canada?

Even if you have no income, you are required to file tax returns as a student studying in Canada. The Canada Revenue Agency (CRA) publishes a list of tax submission instructions for international students

Every year, the fiscal year spans from January to December, and the filing deadline for income tax returns is April 30 of the following year.

You should get in touch with the most reliable tax consultant in Toronto to have the tax filing done without hassle. A personal tax consultant in Toronto is the best person to guide you through the process, enlighten you with the benefits, and above all, keep you far from the infamous radar of tax defaulters.

Documents to Keep Handy

• Your Tax Number (ITIN), if you aren’t eligible for a Social Insurance Number (SIN), is the main document you should possess before filing annual income tax. You must submit Form T1261, an application for Individual Tax Number (ITN) for Non-Residents, to the Canada Revenue Agency to obtain an ITN.
• Tax records such as T4 or T4A (for scholarships, GRS, bursaries, and awards) must be kept in place. Workday, where you also receive your T4A, is the place to access your T4 if the university employs you.
• The T2202A tuition receipt is a crucial record for filing the annual tax. This shows how many months you spent in college and how much you paid in tuition.
  

  Processes for File Tax Returns As A Student

  There are several ways a Canadian international student can file the annual tax. The methods are discussed here.

   

  • Online Submission: Through NETFILE, a program for electronic tax filing, you can submit your income tax return to the Canada Revenue Agency (CRA) directly. The tax return must be prepared using a NETFILE-certified product for authenticity.
  • Mailing Tax Return: The first ever tax return as an international student in Canada should be made via mail. This will activate your online tax submission profile. Prepare the tax return and send it to the following address

  
  International Tax Services Office, 

  Returns Processing Division, 

  2204 Walkley Road, 

  Ottawa, ON, K1A 1A8

  It is wise to keep the complicated technical process of the tax return to the ex-pats tax consultants in Toronto to avoid hiccups.