(Photo of Kyle Gregory Devaras In Unsplash)
Filing season taxes in Canada is booming and students, both domestic and international, are seeking guidance on how to approach this process.
There Canada Revenue Agency (CRA) has provided essential information on what students should know when filing their taxes this year.
Concerning tax matters, it is preferable to resort to a tax advisor in Canada, a certified professional to guide you through this process and even take care of presenting everything in order.
One of the first questions that comes up is the deadline for filing your taxes in 2024. For most Canadians, the deadline is Tuesday, April 30. However, for self-employed workers, the deadline is extended until June 15.
It is essential to note that regardless of employment status, payment is due on April 30 if money is owed to the CRA. As for how to file your taxes, several options are available in Canada, from filing online to filing on paper.
Additionally, education-related tax credits are being emphasized, such as the tuition tax credit, which can help reduce the amount of taxes owed.
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