As a student living in a digital world, you’re probably already pretty tech savvy, but now it’s time to get tax savvy! We know filing an income tax and benefit return can feel overwhelming and confusing, but we can help.

Tax savvy tip – filing your tax return every year can make your funds go further. You can potentially:

• get (or continue to get) the benefit and credit payments you’re eligible for, like the goods and services tax/harmonized sales tax (GST/HST) credit and related provincial or territorial credits;

• claim tax credits, like the tuition tax credit and interest paid on student loans;

• get a refund.

Heading back to school? Make sure tax literacy is on your course calendar! Understanding taxes will help you make smart decisions about your finances – how to put money in your pocket and help you save for a holiday, a car, or a house of your own.

As a student, you may have many questions about taxes. It might even be your first time filing an income tax and benefit return, and that’s okay! We’re here to make tax-filing easier and to make sure you receive the benefits and credits you may be entitled to.

Filing and payment deadline:

You will be able to file your 2022 income tax and benefit return electronically starting on February 20, 2023. The deadline for most Canadians to file this return is April 30, 2023. Since April 30, 2023, falls on a Sunday, your return will be considered filed on time if the Canada Revenue Agency (CRA) receives it, or it is postmarked, on or before May 1, 2023.

As a student, you may have many questions about taxes and might be filing an income tax and benefit return for the first time. We understand that many students have unique personal and financial situations, especially given the last year. Let’s make sure you don’t miss out on benefits and credits to which you may be entitled. Find out what you could get and what you need to know in this tax tip.