For students, tax season means rounding up proper forms, receipts
Those enrolled in colleges or universities shouldn’t forget their Form 2202 — a key part of successfully filing a tax return.
Those enrolled in colleges or universities shouldn’t forget their Form 2202 — a key part of successfully filing a tax return.
BY PETER SWART It’s officially tax season and students should be starting to look into every possible tax break they can get before filing. According to David Sukhdeo, one of Conestoga’s accounting professors, there are plenty of benefits that students can take advantage of. “All tuition that students paid is what they get to claim on their taxes,” he said. “As well, if they paid interest on a student loan … Continued
BY BRANDY FULTON I turned 20 at the beginning of this month. I have been living an hour and a half away from home for two years now, and I am pretty self-sufficient when it comes to getting to school and work, spending wisely and understanding basic life skills. However, a couple of days after my birthday, my parents decided they wanted to have the ever so dreadful and painfully … Continued
By ALEX RIESE A healthy tax return could boost your savings account or fund your dream summer vacation. But without the proper knowledge, your tax return could be a dud. Fortunately, the Ontario government offers several credits that students can take advantage of to maximize their tax returns. According to Lynda Scroggan, a senior tax professional at H&R Block, the most useful one for most college and university students is … Continued