When your child should file their own tax return:

1. Earned income:
   • Filing is beneficial even with low income
   • May result in a refund if tax was deducted
   • Starts accumulating RRSP contribution room
2. To receive government benefits:
   • GST/HST benefit eligibility starts the month after turning 19
   • Filing ensures they don't miss payments
3. Eligible tuition fees:
   • Necessary to calculate and claim tuition tax credits
   • Allows for carrying forward or transferring unused credits

Reporting your child's income when claiming them as a dependant:

1. Add the Your Dependants section to your Wealthsimple Tax profile
2. Enter your child's net income in the appropriate field
3. This information affects the calculation of child-related credits

Creating a tax return for your child:

1. Log into your Wealthsimple Tax account
2. Create a new profile for your child
3. Enter their income and other relevant information

Remember:

• Check the CRA's list of situations requiring a tax return
• Keep your child's tax documents separate from your own
• Consider the benefits of filing even if not required

If you need assistance creating a profile for your child or entering their information in Wealthsimple Tax, please contact Wealthsimple support. For questions about your child's specific tax situation, consider consulting with a tax expert.