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If you're a student, you might be leaving money on the table if you are filing your taxes. Get to know the tuition tax credit. You can claim it using your T-2202 tuition certificate, which you should get automatically from your school. The tuition tax credit is a percentage of your total school costs, including tuition and eligible fees. It's non-refundable, meaning you can only apply to the income tax you owe on your employment income. Didn't make enough employment income to benefit from the credit this tax year? No problem. You can carry forward to a future year when you have higher employment income. But wait, whether you worked while in school or not, filing your return can also lead to other tax credits and benefits. For example, the GST HST credit is a tax-free payment sent to you every four months. You'll be automatically considered for this credit if you file a tax return. If you have income from a job, filing your return can help you build RRSP contribution room which can help you save for retirement. So, it's smart to file your taxes, especially if especially

If you're a student, you might be leaving money on the table if you are filing your taxes. Get to know the tuition tax credit. You can claim it using your T-22…

Ideas in this flowchart

  • Filing Taxes as a Student
  • Tuition Tax Credit
  • Claim with T-2202 Certificate
  • Percentage of School Costs
  • Non-Refundable Credit
  • Carry Forward Option
  • GST HST Credit
  • Tax-Free Payment
  • Automatic Consideration
  • RRSP Contribution Room
  • Helps Save for Retirement
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If you're a student, you might be leaving money on the table if you are filing your taxes. Get to know the tuition tax credit. You can claim it using your T-2202 tuition certificate, which you should get automatically from your school. The tuition tax credit is a percentage of your total school costs, including tuition and eligible fees. It's non-refundable, meaning you can only apply to the income tax you owe on your employment income. Didn't make enough employment income to benefit from the credit this tax year? No problem. You can carry forward to a future year when you have higher employment income. But wait, whether you worked while in school or not, filing your return can also lead to other tax credits and benefits. For example, the GST HST credit is a tax-free payment sent to you every four months. You'll be automatically considered for this credit if you file a tax return. If you have income from a job, filing your return can help you build RRSP contribution room which can help you save for retirement. So, it's smart to file your taxes, especially if especially

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