Yes. However, to get the maximum amount of each component of the solidarity tax credit, you also need file Schedule D and sign up for direct deposit. If you’re eligible for the credit but don’t file Schedule D, you’ll only get the basic amount of the QST component.
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. You must have paid at least $100 in tuition or examination fees for 2021. To claim the tax credit for tuition or examination fees, carry it forward or transfer it to someone else, complete Schedule T of your income tax return.
Student loan payments aren’t deductible, but you can deduct interest paid on a student loan or carry it forward by completing Schedule M when you do your taxes.
Tax credits and deductions for students
Refundable tax credit
Solidarity tax credit
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.
Amount transferred by a child 18 or over enrolled in post-secondary studies
If you were born before January 1, 2004, and, in 2021, 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.