CRA Hosts Free Webinar on Taxes and Benefits for International Students

The Canada Revenue Agency (CRA) is organizing a free webinar tailored for international students to help them understand tax credits and benefits available to them in Canada. This insightful session is scheduled for November 27, providing valuable guidance on tax-related topics that can significantly benefit international students during their time in Canada.

Why Filing Taxes Matters for International Students

Filing taxes in Canada is more than a legal obligation—it’s an opportunity for international students to claim tax benefits and credits that could amount to thousands of dollars. Additionally, for those planning to transition to Canadian permanent residence (PR), understanding and fulfilling tax requirements is a crucial step in the process.

Key Details About the Webinar

• Date: November 27, 2024
• Time: 2 p.m. Eastern Standard Time (EST)
• Duration: Approximately 45 minutes
• Registration: Free, available on the Canada.ca website
• Follow-Up Webinar: A second session focusing on benefits and credits for newcomers in Canada is scheduled for March 12, 2025.
  
  

Participants will also have the chance to ask CRA staff questions about taxes and related topics during the session.

Topics Covered in the Webinar

International students attending the event can expect to learn about:

• The importance of taxes in Canada and their legal requirements.
• Determining residency status for tax purposes.
• Methods to file tax returns.
• Tax benefits and credits available to international students.
• How to spot and avoid tax scams.
• Online and in-person services provided by CRA.
  
  

Common Questions Addressed by CRA Staff

In past webinars, CRA experts have provided clarity on questions such as:

• Do I need to file taxes even if I’m not working or earning an income?
• How can I check if I am a Canadian resident for tax purposes?
• Can I work in Canada as a student? What are the rules?
• What if I don’t have a Social Insurance Number (SIN)?
• Do I report financial assistance from my family as income?
• What tax benefits or credits am I eligible for as an international student?
  
  

Tax Benefits and Credits for International Students

Depending on their residency status for tax purposes, international students in Canada may qualify for various benefits and credits, including:

• Canada Child Benefit
• GST/HST Credit
• Disability Tax Credit
• Child Disability Tax Credit
• Canada Carbon Rebate (formerly Climate Action Incentive Payment)
• Tuition Tax Credit
  
  

Take Advantage of This Opportunity

The CRA webinar is an excellent chance for international students to familiarize themselves with Canada’s tax system and discover ways to maximize their benefits. Don’t miss out on this free event to better understand your financial rights and obligations while studying in Canada.

Stay informed and make the most of your experience as an international student in Canada!