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Tax Information For Students

 


Watch this Video to learn about Preparing Your Income Tax & Benefit Returns

Watch this Video about International Students & Income Tax

Read information here about Tax system for International Students in Canada


WHY file taxes in Canada?

As a student living in Canada, you must file your taxes. You are eligible to claim a refund and get your money back from the Canadian Government.

If you have to pay tax for 2017 you must file an income tax and benefit return. If you have no income to report, you should still file a return. You may be eligible for certain benefits. You can collect tax credits from education, income, donations, etc.

As an international student at Ryerson, you have an opportunity to file your taxes on campus and most importantly for FREE! All you need to do is to come to International Student Support (ISS) office (POD-50A) and book an appointment. Continue reading for more information:

WHO is eligible to file taxes with us?
  • All Ryerson international students are eligible.
  • People looking to file for family members MUST have their family members present at the appointment.
WHO is NOT eligible to file taxes with us?
  • Student who are self-employment income;

  • Student who are have a business or rental income and expenses;

  • Student who have capital gains or losses;

  • Student who have employment expenses;

  • Student who need to file for bankruptcy;

HOW do I book an appointment?
  • Visit ISS office (POD50A) OR

  • Call ISS at 416-979-5000 ext. 6655 OR

  • Email ISS at issask@ryerson.ca with the following details:

  • Full Name
  • Email address
  • Phone Number

  • The date(s) and time(s) you would like to have your appointment.

Please note: We will reply to your email to confirm the appointment details.

 

WHEN is ISS running tax services?

Tax Services will run every Monday & Friday from March 12th to 26th, 2018 in Podium (POD) 60 Lounge (across from the Career Centre front desk). The times are as follows:

Date Time
Monday, March 12, 2018 1:00pm-5:00pm
Friday, March 16, 2018 1:00pm-5:00pm
Monday, March 19, 2018 1:00pm-5:00pm
Friday, March 23, 2018 1:00pm-5:00pm
Monday, March 26, 2018 1:00pm-5:00pm
HOW long are the tax appointments?
  • Filing for 1 year of taxes: expect approximately 30 minutes per session (or longer if it’s a complicated case);

  • Filing for you and your dependent: expect approximately 1 hour or more per session;

  • Filing for multiple years of taxes: expect approximately 1 hour or more per session

WHAT should I bring to my tax appointment?

In General:

  • A USB key to save your tax return;

  • Your most recent Notice of Assessment (disregard if this is your first time filing taxes);

  • Your Social Insurance Number (SIN) and, if applicable, your spouse’s SIN; if you don’t have one, please refer to Individual Tax Number (ITN) below*;

  • Individual Tax Number (ITN) - ONLY necessary if you do not have a Social Insurance Number*. These are the notarized documents from a lawyer, please see below “What if I don’t have a Social Insurance Number (SIN)”;

  • Your Passport and Study Permit;

  • A VOID cheque or bank statement if willing to receive direct deposit;

Information Slips (please bring all documents that apply to you; not every slip applies to each person):

  • Were you employed in 2017?

    • You need your T4 Form that lists your salary and wages from every employer (issued by your employer).

  • Did you receive any scholarships, bursaries, fellowships, or research grants?

    • You need your T4A Form (issued by your University).

  • Do you have a spouse or children living with you in Canada?

    • You may be eligible to receive RC62 Universal Child Care Benefit.

Receipts for expenses and credits (please bring all documents that apply to you):

  • Rent costs: calculate your rent for the period of January 1, 2017 - December 31, 2017. The receipt or a signed letter from landlord/subletter are needed. It must include:

    • Your full name;

    • The address(s) you lived in (including postal code) in 2017;

    • How many month(s)/year(s) you lived in that address(s) in 2017;

    • Total amount rent paid;

    • The name of the landlord/subletter that you rented it from;

    • Please note: You should get a letter/receipt from your landlord/subletter confirming the above, in case CRA (Canada Revenue Agency) audits you in the future. If you have lived in more than one location, then provide receipts for each address.

  • T2202A form with your tuition fees and education amount. This can be downloaded from RAMSS under “Student Fees” under “T2202A Inquiry”. Click on “2017” from the drop down menu.

  • Medical expenses (for prescriptions, a printout can be obtained from your pharmacy);

  • Donation Receipts: if you made any charitable donations during the period of January 1 - December 31, 2017.

  • Monthly public transit passes and the receipt of payment

  • T3 or T5 forms if you earned interest on investments and deposits (issued by banking and financial institutions).

Other:

  • Details of spouse and dependent income;

 

This is not an inclusive list but gives an idea of the kinds of documents that you should be gathering and have in your possession before you schedule an appointment.

 

What if I don’t have a Social Insurance Number (SIN)?

Step A: Learn if you are eligible for a Social Insurance Number (SIN):

Please refer to ISS website: https://www.ryerson.ca/studentlife/internationalsupport/services/working/sin/

Step B: IF you are NOT eligible for Social Insurance Number (SIN) then please apply for ITN (Instructions below):

Instructions on Applying for Individual Tax Number (ITN):

What is an ITN?

An Individual Tax Number (ITN) is a unique number that Canada Revenue Agency uses to identify you for tax purposes if you don’t have a Social Insurance Number.

How can I get an ITN?

There is a free service from the Ryerson Student’s Union. If you miss it, then you will have to pay for this from off-campus notary services. The RSU (Ryerson Student Union)’s in-house lawyer will NOT provide you an ITN right away, this is just the initial step. This process is for Canada Revenue Agency’s system to cross-reference and reconcile any applicants internally. You will NOT receive an actual number from the lawyer. An ITN can take up to eight weeks to process. The steps are as follows:

Steps:

  • Step 2 — Visit the Ryerson Student Centre (SCC–311) to see the RSU’s in-house lawyer with the following items:

    Your COMPLETED application form from Step 1.

    Your ORIGINAL and PHOTOCOPY of your passport or driver's license (photo government photo ID)

Visiting dates and times with the RSU in-house lawyer are:

Tuesday, March 13th from 10:30-2:00pm
Tuesday, March 20th from 10:30-2:00pm

           Please Note: The RSU in-house lawyer will be seeing international               students on a first come, first-serve basis during these time periods.

  • Step 3 — Book your tax clinic appointment with ISS

          Please Note: Ensure you book your tax clinic appointment AFTER                you have visited the      RSU Lawyer.

  • Step 4 — Once you get a notarized photocopy of your identification from visiting the RSU Lawyer, bring the documents to your tax appointment.

WHAT happens if I missed the tax clinics?

There are many clinics around Toronto where you can file your taxes!

  1. Ryerson Student Union

  2. Tax Preparation Clinics

There is limited space for tax appointments! Come to the ISS Office in POD 50-A to book your tax services appointment!