International students who are studying in Canada need to file an income tax return. These students have to pay taxes on income that they earn while working in Canada. Filing income taxes is beneficial for students because they can claim apart of the tuition payments. Besides, students can qualify for a refund of goods and services tax. Internal students who are filing taxes for the first time should enter their fist date of arriving in Canada. Many students pursuing their studies in Canada find their taxation assignments difficult. This makes them avail of Canada Taxation Assignment Help from BookMyEssay.

Residency Status

For the purpose of income tax, international students who study in Canada are considered one of the following kinds of residents including the following:

  • Resident
  • deemed resident
  • non-resident
  • deemed non-resident

The status is based on the residential ties a person has with Canada.

Residential ties include

  • A home in Canada
  • Social ties in Canada
  • A common-law partner or spouse or dependents when they move to Canada to stay with you.

Some other residential ties, which are relevant are

  • the license of a Canadian driver
  • health insurance with any Canadian territory or province
  • The bank accounts in Canada or the credit cards

Determining The Residency Status

You have not established any residential ties if  i) you return to your own country periodically or for a major part of the time in one calendar year or ii) move to some other country when you are not attending university in Canada.

Many international students carry research work or study in Canada establish residential ties with Canada. These are discussed in our Canada Taxation Assignment Help.

  • Resident of Canada

A person is a resident of Canada if there are significant residential ties with the country.

  • Non-resident

A person is a non-resident for taxation purposes if he does not establish any residential ties with Canada and if the person stays in Canada for a period of less than 183 days in a year.

  • Deemed Resident in Canada

If a person does not establish any significant ties with Canada, he shall be deemed a resident of Canada for the purpose of taxation, if he meets all the conditions as follows:

  • Stays in Canada for 183 or more days in one calendar year
  • is not considered a resident of his home country due to the terms of any Tax treaty between that country and Canada.

 

  • Deemed non-resident

If a person established significant residential ties with Canada and is considered a resident of some other country with whom Canada has any tax treaty then he is considered a deemed non-resident. As stated in our Canada Taxation Assignment Help, a person is deemed a non-resident when the ties with that country make you a resident of the other country.

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