It’s tax season! If you haven’t had the chance to do your taxes yet, don’t fret because you still have time.
If you are a student, your returns will probably be the simplest since you’re guaranteed at least some money back from declaring your tuition.
Duncan Clark reminds us that if you are a student living in an apartment you can claim your rent to boost your trillium benefits.
But, if you are a student living in residence you won’t get anything because it’s already a subsidized accommodation.
Many students don’t realize how important it is to be filling your returns as soon as you get your first job. It’s wise so that when you enter a job where you’re earning more money, you can have a little extra in your pocket.
One of the biggest problems millenials have is not having many opportunities before they go off to secondary school to prepare for tax season.
Rosalyn Di Cesare is a professor for Fanshawe’s Lawrence Kinlin school of business. She weighs in on the issue,
“ I do teach a couple level 1 courses, some students have experience in the sense that they took accounting classes in high school. But they have no idea how taxes work because that’s just something they weren’t taught. I think giving a kind of 411 class on how to do your taxes would be fantastic.”
The Canadian Revenue Agency holds drop in sessions at universities and colleges. The Fanshawe Accounting Association is partnering up with the agency to hold sessions on April 4th and 5th and Alumni Lounge just above Oasis from 5 pm till 8 pm.