International Student FAQ
Yes, as an international student with a valid study permit, you are generally allowed to work on or off-campus while studying, subject to certain conditions and restrictions.
No, if you are enrolled full-time at a designated learning institution and have a valid study permit, you can work off-campus for up to 20 hours per week during regular academic sessions and full-time during scheduled breaks without a separate work permit.
Yes, if you earned income in Canada or want to claim certain tax credits, you are generally required to file a tax return.
Your residency status for tax purposes is determined by the CRA. Generally, if you are in Canada for 183 days or more in a tax year, you are considered a resident for tax purposes.
You can apply for a SIN at a Service Canada office. You will need your passport, study permit, and a letter of acceptance from your educational institution.
You need to report all income earned in Canada, including employment income (e.g. Wages and Tips), scholarships, bursaries, research grants, teaching assistantships, and any other income earned in Canada.
You will need to report each source of income separately on your tax return. Additionally, if you worked in multiple provinces, you may have to complete a separate provincial tax return for each province.
Your employer will provide you with a T4 slip, which reports your employment income and deductions. Your educational institution will provide you with a T2202A form, which shows your tuition fees and eligible education amounts.
The deadline to file your tax return in Canada is usually April 30th of the following year. If you or your spouse/common-law partner are self-employed, the deadline is June 15th, but any taxes owed are still due by April 30th.
Yes, as an international student, you may be eligible for certain tax credits and deductions, such as the tuition tax credit or the textbook tax credit, education amount, public transit credits, medical expenses and more. However, they should meet the criteria set by the CRA.
If you have overpaid your taxes or have eligible credits, you may be eligible for a tax refund. The CRA will calculate this when you file your tax return.
It is important to keep records of your tax-related documents, such as T4 slips, T2202A form, receipts for eligible expenses, and any other supporting documents for at least six years.
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International students in Alberta may be eligible to apply for permanent residency through various immigration programs, such as the Alberta Immigrant Nominee Program (AINP) or the Express Entry system. These programs take into account factors such as education, work experience, and language proficiency. It is advisable for international students to consult with an immigration lawyer or advisor to understand the specific requirements and processes for obtaining permanent residency.
Yes, Alberta's educational institutions typically offer support services for international students. These services may include academic support, counseling, cultural integration programs, and assistance with immigration and visa-related matters. International students are encouraged to reach out to their institution's international student services office for guidance and support.
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International Student with Dependent
Are there any specific tax credits or benefits available for international students with dependents?
Yes, there are certain tax credits and benefits available for families with dependents, such as the Canada Child Benefit (CCB), Child Disability Benefit (CDB), and the Child Care Expense Deduction.
Yes, you can apply for a SIN for your dependent(s) if they are eligible. You will need to visit a Service Canada office and provide the required documents.
If your dependent(s) have income, it generally needs to be reported on their own tax return. However, certain exceptions apply, such as if they are under a specific age or have a disability.
Yes, you may be eligible to claim the Child Care Expense Deduction for eligible childcare expenses incurred while you were earning income or attending school. Keep records and receipts of your childcare expenses.
You can apply for the CCB by completing the Canada Child Benefits Application (RC66 form) and submitting it to the CRA. The CCB is a tax-free monthly payment for eligible families with children.
If you financially support your parents or grandparents who are 65 years or older, you may be eligible for the caregiver amount tax credit. This credit provides tax relief for individuals who care for dependent relatives.
You will need to gather documents such as birth certificates or proof of relationship for your dependent children. For other dependents, you may need documents related to their eligibility for certain tax credits or benefits.
Yes, your spouse or partner may be eligible to work while you are studying in British Columbia (BC), subject to certain conditions.
Spouses or partners of international students in Alberta may be eligible for an open work permit, which allows them to work in Canada. They would need to meet the eligibility criteria and apply for the work permit through the appropriate channels.
Depending on your spouse's employment circumstances, they may be eligible to claim certain tax benefits or deductions. These could include deductions for employment-related expenses, such as uniforms or professional development, or tax credits for childcare expenses. It is advisable to consult with a tax professional or refer to the CRA's website for specific details on available tax benefits and deductions.
Yes, your spouse or partner may be eligible to work while you are studying in Ontario. Please check the Blog to know more.
International Student converted to Work Permit
Yes, after completing your studies, you may be eligible to work in Canada through various programs, such as the Post-Graduation Work Permit (PGWP) program. The PGWP allows you to work in Canada for a duration that is equivalent to the length of your study program, up to a maximum of three years.
To apply for a work permit after completing your studies, you will need to meet the eligibility requirements of the specific program, such as the PGWP program. You will need to submit an application to Immigration, Refugees and Citizenship Canada (IRCC) along with supporting documents. You should consult a Immigration Lawyer for further enquiries.
When you start working on a work permit in Canada, you become a resident for tax purposes, which means you are subject to Canadian income tax laws. You will need to report your income, deductions, and credits on your annual tax return.
Yes, if you are granted a work permit, your spouse or common-law partner may also be eligible to apply for an open work permit, allowing them to work in Canada. Certain conditions and requirements apply.
Yes, once you start working in Canada with a work permit, you will need to update your tax status with the Canada Revenue Agency (CRA). You will need to file a new tax return for the tax year in which you started working.
As an employee, you will be subject to federal income tax, provincial or territorial income tax (if applicable), and Employment Insurance (EI) premiums. You may also be required to contribute to the Canada Pension Plan (CPP) depending on your earnings.
The tax implications will depend on the tax laws and any tax treaties between Canada and your home country. It's advisable to seek professional tax advice to understand your specific situation and any potential tax obligations.
Canada has tax treaties with many countries to avoid double taxation. Depending on the tax treaty provisions, you may be eligible to claim foreign tax credits on your Canadian tax return for taxes paid in your home country on the same income.
The CRA website provides comprehensive information on taxes for international students.
New Immigrants FAQ
New immigrants may be eligible for tax rebates and credits such as the Canada Child Benefit (CCB), Goods and Services Tax (GST) credit, Working Income Tax Benefit (WITB), medical expense tax credit, tuition and education credits, and the Home Buyers' Plan (HBP).
To apply for the CCB, you need to complete the Canada Child Benefits Application form (RC66) and provide the required documentation, such as proof of residency, immigration documents, and information about your children.
The GST credit is a tax-free quarterly payment to help offset the GST/HST paid on goods and services. You don't need to apply separately for the GST credit as long as you file your annual tax return. The CRA will determine your eligibility based on your income tax return information.
To claim the WITB, you need to indicate your eligibility by checking the appropriate box on your tax return. You may need to provide additional information about your employment income and certain expenses related to work.
Generally, only medical expenses incurred after you become a resident of Canada can be claimed for the medical expense tax credit. However, there may be exceptions for certain situations, so it's recommended to consult with a tax professional.
In most cases, you can only claim tuition and education credits for courses taken at eligible Canadian educational institutions. However, there may be exceptions for certain international educational programs, so it's advisable to consult with a tax professional or the CRA.
If you are a new immigrant and have become a resident of Canada, you may be eligible to participate in the HBP. This allows you to withdraw up to $35,000 from your RRSP to buy or build a qualifying home in Canada. The withdrawal is not taxable as long as you repay it within the specified time frame.
It's important to keep all relevant documentation, such as immigration documents, residency proof, receipts for eligible expenses, and any other supporting documents, in case the CRA requests them to verify your eligibility for tax rebates.
It's important to keep your personal information updated with the CRA. You can update your address, contact details, and other personal information by contacting the CRA directly or updating it online through your CRA My Account.
Please note that tax laws and eligibility criteria for tax rebates may change.
Please note that tax laws and eligibility criteria for tax rebates may change.
Yes, there are specific deductions and credits available for new immigrants in British Columbia (BC) with dependents, Basic Personal Amount, Spousal Amount and Child Tax Benefits to name a few.
If you move to Alberta to start a new job or business, you may be eligible to deduct certain moving expenses. This can include transportation costs, storage fees, and temporary living expenses.
Yes, there are specific deductions and credits available for new immigrants in Ontario with dependents. For example The OTB is a refundable tax credit that includes the Ontario Sales Tax Credit, Ontario Energy and Property Tax Credit, and the Northern Ontario Energy Credit.
Small Business FAQ
The common business structures include sole proprietorship, partnership, and corporation. Each structure has different tax implications. For example, as a sole proprietor, you report business income and expenses on your personal tax return. Partnerships file an information return, but the partners report their share of income on their personal returns. Corporations have separate tax returns and are subject to corporate tax rates. The tax implications will depend on the structure you choose.
In Canada, businesses are required to register for a business number (BN) with the Canada Revenue Agency (CRA). Depending on your business activities, you may also need to register for the Goods and Services Tax/Harmonized Sales Tax (GST/HST) program.
To determine your business income, you will need to track your revenue from sales or services provided. Deductible expenses include costs directly related to your business operations, such as supplies, rent, utilities, and salaries. It is important to maintain accurate records and documentation to support your income and expenses.
As a business owner, you may be eligible for various tax deductions and credits. These can include deductions for business expenses, such as office supplies, advertising costs, and professional fees. You may also be eligible for tax credits, such as the Small Business Deduction or the Scientific Research and Experimental Development (SR&ED) tax credit.
If you have employees, you will need to calculate and remit payroll taxes, including income tax, Canada Pension Plan (CPP) contributions, and Employment Insurance (EI) premiums. You will need to register as an employer with the CRA and follow the guidelines for withholding and remitting these taxes on behalf of your employees.
The deadlines for filing business tax returns and making tax payments can vary depending on your business structure. Generally, the tax return deadline for sole proprietorships and partnerships is June 15th of the following year, while corporations have a deadline of six months after the end of their fiscal year. It is important to verify the specific deadlines applicable to your business.
If your business is registered for GST/HST, you will need to collect the appropriate tax from your customers on eligible sales. You are then required to remit the collected GST/HST to the CRA based on the reporting frequency assigned to your business (monthly, quarterly, or annually).
If you use part of your home for business purposes, you may be able to claim home office expenses as a deduction. This can include a portion of your rent, utilities, property taxes, and home insurance. The expenses must be reasonable and directly related to your business activities.
It is important to keep detailed records and supporting documentation for your business income and expenses. This includes invoices, receipts, bank statements, and financial statements. Generally, it is recommended to retain these records for a period of six years.
If you hire contractors or freelancers, you may need to issue them a T4A slip or a T5018 slip depending on the nature of their services. It is important to properly classify workers as either employees or independent contractors, as this can have tax implications.
Yes, there are several tax credits and incentives available for small businesses in British Columbia, e.g. Small Business Deduction, Municipal and Regional District Tax (MRDT) Program. Pls check our Blog to know more.
Yes, there are certain tax credits and incentives available for small businesses in Alberta, e.g. Small Business Deduction, Alberta Investor Tax Credit (AITC). Pls click on our Blog Link.
Yes, there are several tax credits and incentives available for small businesses in Ontario. Small Business Deduction (SBD), Ontario Business Research Institute Tax Credit (OBRITC) and Apprenticeship Training Tax Credit (ATTC) to name a few. Please click on the Blog link to know more.