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The Benefits Of Filing Taxes For International Students

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There is a misunderstanding among the international students that they don’t need to file taxes like local residents in Canada.

If you sojourned in Canada for 183 days or more (the 183-day rule) in the tax year,  you must file tax. There are a lot of benefits for international students to file their taxes, the biggest one is a tax credit.

T2202A or T2202

This is a form for tuition by the school. General students can download it from the school’s website or go directly to the student office to ask for or request a replacement receipt.

Social Insurance Number (SIN)

SIN is also known as the work card number. All post-secondary admissions allow students to work outside the school. Students need to go to Service Canada to get the work card number. You only need to bring a passport with a photo page and a notarized copy of the Study Permit. The commercial banks (TD, CIBC, Scotia) or the international student office of the school can handle it.

Proof of income such as T4, T4A, T5

  • T4: If the student works outside the school, the company will issue a T4 form to the student at the beginning of the following year, except in special circumstances.
  • T4A: Scholarship income
  • T5: Bank interest income, which is a T5 form sent by the bank to the student. Only “For income tax purposes”, must be properly kept and used when filing tax returns.

Rent receipt or Property tax receipt

If you are renting a house or even a room, you can file the rent receipt to be deducted. If you own a house, provide a local tax (Property Tax) for the deduction.

Bank Void Cheque

If you file tax with your void cheque, the government will deposit it to your account directly, rather than mailing you the cheque which will take a long time. You can find the void cheque from online banking or directly go to your bank branch.

Find Out More

This article includes a general summary of tax rules. Need specific tax advice? Hire a Professional Accountant and get the best working for you. 

Filing Taxes concisely deals with several complex issues; it is recommended that accounting, legal or other appropriate professional advice should be sought before acting upon any of the information contained therein. 

Our experienced and professional team at Filing Taxes is here to set you on the right path considering your personal business situation. Feel free to reach out to Filing Taxes at 416-479-8532. Schedule an NTR engagement appointment with us and take the first step towards proper management of your finances.

Disclaimer: The information provided on this page is intended to provide general information. The information does not consider your personal situation and is not intended to be used without consultation from accounting and financial professionals. Salman Rundhawa and Filing Taxes will not be held liable for any problems that arise from the usage of the information provided on this page.

Salman Rundhawa
Salman Rundhawa
Salman Rundhawa is the founder of Filing Taxes. Salman provides valuable tax planning, accounting, and income tax preparation services in Toronto, Mississauga, Oakville, and Hamilton.

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