Are you a student (or parent of one) who works while studying or has a student loan, scholarship or bursary? Read on to learn more about the tax credits and deductions you can claim.
Did You Know?
Nearly 113,000 students don’t receive all the tax credits they’re entitled to because they forget to provide the information needed to register for direct deposit.
That could mean $309 less in your wallet!
Sound familiar? Register for direct deposit today!
Yes. Even if you had no income, it’s best to file a tax return. That way you can claim, carry forward or transfer tax credits such as:
Yes. It’s best to file an income tax return if you work while studying. You may get a refund if your employer deducted too much from your salary for income tax, Québec Pension Plan contributions or Québec parental insurance plan (QPIP) premiums.
When you have to file your first income tax return depends on your situation, not your age.
For example, you may want to:
If you have income tax to pay for any reason, you have to file an income tax return.
Deductions and tax credits can lower your income tax and help you get a refund.
Tax credits for students or their parents include:
Deductions for students include:
You must meet certain conditions to qualify for these deductions.
Yes. In 2022, if you were a full-time student pursuing vocational training at the secondary level or post-secondary studies and you are:
Under certain conditions, one of your parents could get:
No. There is no tax credit for tuition fees paid to private schools, whether primary or secondary. However, some tuition fees paid for post-secondary studies could entitle you to the tax credit for tuition or examination fees.
You’re generally eligible for the solidarity tax credit if your income is low or modest. You must also:
No. You also have to sign up for direct deposit. To get the maximum amount of each component, you must complete Schedule D of your income tax return. If you’re eligible for the tax credit but don’t file Schedule D, you’ll only get the basic amount of the QST component.
Yes. The solidarity tax credit has three components:
You don’t have to be eligible for all the components to get the credit. Since you live with your parents, you could receive the QST component and the component for individuals living in a northern village, if applicable.
Yes. Students must report the amount of their scholarships on line 154 of their income tax return. However, since scholarships are non-taxable in Québec, you can claim a deduction for scholarships, bursaries and similar financial assistance on line 295.
Eligible fees covered by the tax credit for tuition or examination fees include:
Yes. One of your parents can claim all or part of the tax credit for tuition or examination fees. To transfer the credit to your parent, complete Schedule T of your income tax return. Your parent must complete Part D of Schedule A of their income tax return.
You can claim the tax credit for tuition or examination fees if you paid over $100 in tuition and examination fees for the taxation year. To claim the credit, carry it forward or transfer it to someone else, complete Schedule T of your income tax return.
You cannot deduct student loan repayments. However, you can deduct or carry forward the interest paid on a student loan. Complete Schedule M of your income tax return.
Did You Know?
Students that filed their income tax returns in 2020 received an average refund of $433! Sound good?
1. Individuals who filed income tax returns are considered to be students if they received an RL-8 slip for the taxation year with an amount in box A or B.
What’s it for? What’s an income tax return? What are deductions and tax credits? What’s the difference between sales tax and income tax?
Check out Sales Tax and Income Tax. How Do They Work? for everything you need to know.
Go to Income Tax Return 101 to get started. You’ll learn about:
Get free help filling out your income tax return!
If you have a modest income and a simple tax situation, you may be eligible for the income tax assistance program in, which is offered free of charge.
A volunteer can help you complete your income tax return so that you get the tax credits you’re entitled to.
The solidarity tax credit is a refundable tax credit for low- and middle-income individuals and families. It is based on your situation on December 31 and paid over a 12-month period beginning on July 1 of the following year.
If you were born before January 1, 2005, and in 2022 you were a full-time student pursuing vocational training at the secondary level or post-secondary studies, you may be able to transfer an amount to one of your parents. You must have received an RL-8 slip with an amount in box A.
You can claim a non-refundable tax credit for tuition or examination fees that you paid.
You can transfer all or part of your tax credit for tuition or examination fees for 2022 to one of your parents or grandparents, under certain conditions.
You may be eligible for this deduction if you received a scholarship, bursary or other financial assistance.
Go to our website to learn more about your obligations and tax benefits as a student or recent graduate.