Employment income: Wages from part-time jobs or co-op placements. Scholarships, fellowships, and bursaries: Some of these may be tax-exempt.
This can apply if, for 2025, the total of your pensionable employment income and net self-employment income is more than $3,500. For more information, see the
Do I still need to file a tax return for the 2025 tax year even though I had no income and was tax-exempt during that year? No, but when you get
The maximum claim is $5,000, which could save you up to $750 in federal income taxes (15% x $5,000). If you don't owe enough tax to make full
2025 Student Tax Filing in Canada: What Domestic and International Students Can Claim. # 2025 Student Tax Filing in Canada: What Domestic and International Students Can Claim. Filing your 2025 student tax return can unlock valuable refunds, government benefits, and tuition tax credits — even if you are a domestic or international student. In this complete 2025 student tax guide, we explain who needs to file, what domestic and international students can claim, and how to maximize your tax refund in Canada. ## Do Students Need to File Taxes in Canada? Both domestic and international students may need to file Canadian taxes. Canadian citizens and permanent residents file as tax residents and can claim all eligible student tax credits, benefits, and deductions. Student tax filing may appear simple, but residency rules, tuition transfers, and tax credit optimization can significantly impact your refund. ## File Your 2025 Student Taxes with Confidence.
# Are you a Student in Canada? Home Mak Tax Are you a Student in Canada? As a full-time student you are still obligated to file your income tax return in Canada. Whether you have received income from a part-time, occasional or summer job (this includes all tips you received while working), or earned no income at all, you will need to file your income tax return. When repaying your student loan, you’re able to claim the interest as a non-refundable tax credit to help reduce taxes you may owe. In order to qualify for this credit, you must be between the ages of 25 to 65 and have a Canada training limit. Moving expenses may also be claimed to take a course as a full-time student in a post-secondary program. If you received any Canadian source of income and/or considered a resident, you need to file your tax return.
# Top 21 Tax Changes for 2025 that Canadian Taxpayers Must Know About, from a Canadian Tax Lawyer. Individual tax planning and business tax planning are ongoing processes, not a “set-it-and-forget-it” task. As 2025 draws to a close, now is a great time to review your tax strategy for the upcoming year and take final steps to minimize your 2025 tax liability. Please note that this article is only a summary of key tax changes for the year, and you should always consult with an experienced Canadian tax lawyer for tailored advice. Reduction of the Lowest Federal Personal Income Tax Rate. The Federal Government announced a reduction in the lowest federal personal marginal tax rate from 15% to 14%, effective July 1, 2025. In 2025, the federal Basic Personal Amount (BPA) is $16,129 for individuals with net income up to $177,882. Contributions are not tax-deductible and must be made by the end of the calendar year, but earnings and withdrawals are tax-free.
19 TAX AND BENEFIT POLICY DESCRIPTIONS FOR CANADA 2025 © OECD 2025 • Earnings • Unemployment insurance benefits (Section 2.1) • Social assistance benefits (Section 3.1) • Other income components not included in TaxBEN (including income from the registered disability savings plan (RDSP), amounts repaid, RDSP income received are subtracted) • Certain childcare costs (Section 5.5) are subtracted • The enhanced portion of Canada Pension Plan contributions (Section 7.1) is subtracted • Employment Insurance contributions and Ontario Health Plan Premiums (Section 7.1) are NOT subtracted • Income tax is NOT subtracted There is no asset test for CCB. 43 TAX AND BENEFIT POLICY DESCRIPTIONS FOR CANADA 2025 © OECD 2025 Child Disability Benefit (CDB) The Child Disability Benefit (CDB) is a monthly benefit included in the CCB to provide financial assistance to qualified families caring for children under 18 years of age who have a severe and prolonged impairment in physical or mental functions and qualify for the Disability Tax Credit (DTC).48 For the 2024-2025 benefit year, the CDB provides up to CAD 3 322 per year (276.83 per month) for each child eligible for the DTC.