Students in particular might skip filing a return if they earned little to no income last year, or are swamped with assignments and exams — but that means missing out on a number of benefits.
“We call them refundable credits, so you actually put money in your pocket,” Gillis said. “The quarterly credits will be a reason to file, even if there’s no income, basically.” Once they are out of school and working, however, these graduates want to claim tuition — a major deduction — but now they have to file all prior years to carry it forward, Gillis said. At that point, it would have made more sense to just file each year and collect the GST/HST and carbon payouts all along. Students can also transfer tuition credits to their parents, he added.
To that end, Lemay said H&R Block runs free tax clinics in 20 cities across Canada for people without a fixed address or bank account, or even government ID, who are unable to access benefits and programs. The CRA also runs free clinics across the country — in 2022, nearly 650,000 individuals filed a return using these free services.
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