This Is How Canadian Students Can Get More Money Back On Their Taxes This Year
Adulting can be hard: We have to cook for ourselves, actually put on pants in the morning, pay bills and worry about our taxes.
This generation also seems to be deeply worried about our finances - far more than previous generations.
We've taken our time to come around to homeownership (dropping rates to their lowest since 1965) because, well, we just can't manage to save enough. Those of us in university or holding a degree have come - or will come - away with more student debt than any previous generation. And in most cases, we have to choose between paying off student loan debt or saving for retirement because we just don't make enough money to build a decent retirement account.
So what if we told you there was a way to get more money into your bank account this year? Whether you're a full or part-time student or someone who just needs help with their taxes, you're entitled to receive unique credits that help offset the cost of your tuition, education and textbooks. And H&R Block can help you get what's yours.
As a student or recent graduate, you'll know how much tuition and textbooks can add up to, so those credits can be a lifesaver. Plus, as part of a generation that has a hard time even saving for a McDonald's dollar menu item, you know how important free money is.
Last Fall, H&R Block found an average of $1,400 extra on an individual's old returns that were prepared by others. Just imagine what you could do with an extra $1,400. That's one month of rent if you live in one of Canada's major cities, the payment towards a summer vacation, or, if you're not into "adulting" with that money, 26 cases of Coors Light.
Yeah, so you might want to think about maximizing your tax return this year. And you might want to think about doing it fast: Taxes are due April 30th.
It can be intimidating to file a tax return, especially if this is your first time - but no worries, H&R Block makes it easy! Plus, they know how to maximize your return by claiming credits and deductions that you may not have even known about.
For example, if you're looking for a little extra cash in your pocket, the Textbook Tax Credit will reimburse you for your textbooks - and we all know how expensive those can be. This is the last year students and recent graduates can actually claim this unique tax credit, so H&R Block will help you take full advantage.
Don't need to use the full amount of your credits this year? You can transfer the unused portion to a parent, grandparent, or partner (if you're married or common-law), or carry it forward to claim the credits in future years, like after graduation when you know you'll need some extra cash.
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And if you're someone who has worked in a cash-based industry, had multiple jobs, moved for school or moved houses plenty of times, you don't have to worry about the complication surrounding filing your taxes. The tax experts at H&R Block can help you out there, too.


