Tax Information Page
Tax Information Page
Students and Taxes: What You Need to Know
When you’re a student, every dollar counts. So make sure you’re getting all the tax credits, deductions, and benefits you are eligible for by doing your taxes. Even if you have little or no income, you should still file your tax return because you could get money back!
This T2202 tax form is known as the Education & Textbook Amounts Certificate.
The federal T2202 tax form is used to certify a student’s eligibility for the education and textbook amounts. It is used to indicate the maximum student tax deductions for tuition, education, and textbook amounts. In Québec, students receive a Relevé 8.
Tuition, education, and textbook amounts are non-refundable tax credits that allow students to reduce their income taxes. Even if you do not have to pay tax, you may be able to carry forward all or part of your tuition, education, and textbook amounts, to use in a future year.
If you are an International Student studying in Canada, you may have to file a Canadian income tax return. The Canada Revenue Agency (CRA) is responsible for administering tax programs in Canada.
A T4A Canadian tax information slip is a Statement of Pension, Retirement, Annuity, and Other Income. It is prepared and issued by an employer, a trustee, an estate executor or liquidator, a pension administrator, or a corporate director, to tell you and the Canada Revenue Agency (CRA) how much of certain types of income you paid during a tax year and the amount of income tax that was deducted. Use T4As in preparing and filing your Canadian income taxes.
Centennial College issues slip in late February to every student with total eligible tuition fees of more than $100 for the tax year. Students may obtain their tax forms by logging into myCentennial. Tax forms will not be mailed.
Tax forms can be found here: myCentennial ? Student ? Financial Services ? Tax Information:
A Social Insurance Number (SIN) is a 9-digit number that you need to work and be paid in Canada and access government programs and benefits. You must apply for a SIN if you plan to work in Canada.
If you are an international student, be sure you understand the eligibility requirements to work in Canada.
If you do not have a Social Insurance Number (SIN), contact Service Canada to see if you are eligible for one. For more information on how to apply for a SIN or to find a Service Canada Centre near you, click here to find the nearest Service Canada Centre, or call 1-800-206-7218.
Beginning with the 2019 tax year, the Canada Revenue Agency (CRA) now requires that all Canadian post-secondary institutions collect students’ Social Insurance Numbers (SINs) on Form T2202. (Please note that the T2202 information return has replaced Forms T2202A and TL11B for 2019 and subsequent years).
For this reason, students must provide their SIN to Centennial College. Please add your SIN to your myCentennial student account in order to receive a tuition tax receipt for the 2019 calendar year and onwards.
For more information about tuition and education tax credits, please refer to the CRA website. You can also read more about the legislation relating to the collection of SINs to prepare T2202 slips.
Click here to watch videos for students and learn about Canadian income taxes.