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What students need to know this tax season

As a student, you may have many questions about taxes and might be filing an income tax and benefit return for the first time. Let’s make sure you don’t miss out on benefits and credits to which you may be entitled. Find out what you could get and what you need to know in this tax season.

Filing deadline for most individuals is April 30, 2022

April 30, 2022, is a Saturday and your income tax return will be considered filed on time in either of the following situations:

  • CRA receive it on or before May 2, 2022, or It is postmarked on or before May 2, 2022

  • You have until June 15th to file your tax return if you are self-employed.

The payment deadline is April 30, 2022

If you have a balance owing, your payment is due on April 30, 2022.

If you or your spouse or common law-partner are self-employed, your payment is still due on April 30, 2022.

If you filed your 2020 income tax and benefit return and qualified for interest relief, you have until April 30, 2022, to pay any outstanding income tax debt for the 2020 tax year. This applies to the tax owing for the 2020 tax year only, and not for any previous tax year.

Since April 30, 2022, falls on a Saturday, in all of the above situations, your payment will be considered paid on time if we receive it on or before May 2, 2022.

We encourage you to file your taxes on time. Doing so will ensure your benefit and credit payments are not interrupted. Even if you owe tax, don’t risk having your benefits interrupted by not filing.

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