It’s Tax Time
Posted on: Apr 1, 2015
Many students don't bother filing a tax return because they figure they don't earn enough to pay any tax. Bad move. By filing a tax return you will create registered retirement savings plan (RRSP) contribution room. When you graduate, you can then make contributions to an RRSP and save tax. Further, filing a tax return could entitle you to a GST credit once you have reached age 19. To learn more about filing an income tax return visit the website and watch the video series.