If you are a student, check out the resources below to help make filing your taxes easier.
Reporting tuition
If you paid tuition or have unused tuition to carry forward from a previous year:
- Report it on your tax return
- Declare if you're transferring any amount to a parent, grandparent, or partner
Wealthsimple Tax resources:
Report RESP withdrawals
If you withdrew RESP funds:
Report scholarship income or OSAP grants
Other common credits and deductions
- Moving expenses
- Child care expenses
- Interest paid on student loans
- Digital news subscription expense (available for subscriptions to qualified Canadian journalism organizations, for expenses after 2019 and before 2025)
- Canada Training Credit (for those over 26 who paid tuition)
Provincial credits and deductions
- Manitoba Fitness Tax Credit
- Nova Scotia affordable living tax credit (NSALTC)
- Ontario Low-Income Workers Tax (LIFT) Credit
- Saskatchewan Graduate Retention Program (GRP)
- Saskatchewan Active Families Benefit
Other resources
Wealthsimple Tax resources:
Comments
0 comments
Please sign in to leave a comment.