Tax Clinic 2025
Date | Location | Time |
---|---|---|
Saturday, March 22, 2025 | RCH 301, 302 | 10:00 AM - 8:00 PM |
Sunday, March 23, 2025 | M3 1006 | 10:00 AM - 8:00 PM |
Saturday, March 29, 2025 | M3 1006 | 10:00 AM - 8:00 PM |
Sunday, March 30, 2025 | M3 1006 | 10:00 AM - 8:00 PM |
If you have any questions or concerns about the Tax Clinic this year, please feel free to email us at taxclinic@uwafsa.com
Eligibility:
Regrettably, we will not be able to prepare your return if it involves any of the following items:
Self-employed (including 'independant contractors', Uber, Doordash)
Rental income (excluding sublet of a property you are renting)
Interest Income over $1000 (except those claiming a T2202 tuition credit)
A foreign investment property worth more than $100,000
Disposition of marketable securities (eg. Capital Gains/Losses on sales of shares)
Employment expenses (eg. form T2200 signed by your employer)
Bankruptcy
Deceased persons
Total income above the following income thresholds (except those claiming a T2202 tuition credit during the year):
Taxpayer Status |
Family Income |
Individual |
$35,000 |
Couple |
$45,000 |
Each additional dependant |
+$2,500 |
*For each additional dependant you have, add $2,500 to the maximum family income.
To clarify, the tax clinic will serve any individual who is claiming T2202 tuition credits during the year, irrespective of total income or interest income. The restrictions on other scenarios and other income types (e.g. capital gains or rental income) in the above-noted list still apply to individuals claiming T2202 tuition credits during the year
International Students: International students are welcome and encouraged to file a tax return even if they don't have any income! We will walk you through the process of getting an Individual Tax Number (ITN) if you're not eligible for a Social Insurance Number (SIN) and don't already have an ITN.
International Taxes: We cannot prepare tax returns for other countries at this time (eg. US tax returns for students that had co-op in the US). However, if you bring your completed foreign tax return, we may be able to complete the Canadian return.
WHAT TO BRING TO TAX CLINIC:
Tax Clinic Checklist for your convenience:
All: Checklist
Government-issued photo ID (required)
Social Insurance Number (SIN) or Individual Tax Number (ITN)
USB drive (if available)
Information slips, (eg. T3, T4, T4A, T5, T5013, etc.)
2023 Notice of Assessment (if not filing for the first-time)
Any other information not listed below that may be applicable
Students (see links below):
Tuition Slip (T2202)
T4; Employment slip
T4; Scholarships/RESP Withdrawals/CESB/CERB
Rent Receipts
T4E; Employment Insurance claims
Rent or property tax paid in Ontario
Less Common Items:
Foreign Income
Medical Expenses
Moving Expenses
RRSP Contribution Slips
FHSA Contribution Slips
Student Loan Interest
Charitable Donations
T3/T5/T5007
Tips or Gratuities Earned
Carrying Charges (eg. investment fees)
Interest on Student Loans
Home Buyer's Amount - let us know if you purchased a new home in 2024
WHAT NOT TO BRING TO TAX CLINIC:
Home Office Expenses
Pay Stubs
GST/HST Notice of Assessments
For checklists of prior years, please see this folder: Tax Clinic Checklists
HOW TO ACCESS UW STUDENT DOCUMENTS:
T4 from co-op work/summer job Your employer will mail this to the mailing address they have on file, so be sure that they have the most up-to-date mailing address, especially if you lived away from home during co-op. If you haven't received this by March 1, follow up with your employer.
T4/T4A from Waterloo (eg. Scholarships/Bursaries, TA, other University of Waterloo employment)
https://uwaterloo.ca/workday/ -> Main Menu -> Personal -> Documents
T2202 Tuition Slip
Quest -> Finances -> Tax Receipts -> PRINT (don't choose View). You may have taken courses at an online university or other universities to replace a Waterloo course; make sure you get a T2202 from them as well (eg. Athabasca University T2202).
Charitable Donations to Endowment Fund(s)
Quest -> Finances -> Tax Receipts -> Scroll down all the way -> PRINT All UW students contribute to endowment fund(s) as part of your student fees, unless they opt out at the start of the term. If you're unsure, then you didn't opt out!
Rent Receipts
The address you lived at (including postal code)
How many months in 2024 you were there for
The total amount paid in 2024
The name of the landlord/company that owned it, or the person you subletted from
You should get a letter/receipt from your landlord (or sublettor) confirming the above in case the CRA reviews your claim in the future. The easiest way is to write the letter yourself, print it off and get them to sign it. Make sure the letter contains the above four items as well as your name!
Lived in Residence in 2024? No evidence/receipt is needed. If you are a student and live in a designated Ontario university, college or private school residence, you may qualify for $25. Make sure your preparer knows!
Health/Dental Plan Premiums (medical expense)
Either call the health/dental office or visit them in person and ask them for a receipt/letter stating the total amount of premiums you paid for the calendar year 2024. They will probably email it to you. Medical expenses may be transferable to parents depending on the situation. Find this here.
Moving Expenses
If you moved and are now 40 km closer to your new workplace, you may be able to deduct moving expenses against the income you earned (eg. move from studying at Waterloo -> your parents' house in Toronto for co-op). The information needed is:
Use Google Maps to determine the distance between
Your old residence and your new work
Your new residence and your new work
Address of both new and old residences (including postal codes)
Date of move
Date you started the new job
Name and address of employer that you moved to work at/attend
Amount of moving expenses, unless you took a train/plane, the best way is usually the 'simplified method'
Kilometres between new residence and old residence
Meals eaten during this move
(Number of nights, usually zero)
CRA Direct Deposit
Direct deposit allows your tax refund and government benefits such as the GST/HST Credit and Ontario Trillium Benefit to be deposited directly into your bank account. If you do not have direct deposit set up, the CRA will mail you a cheque to your mailing address.
As of March 24, 2025, the CRA will no longer accept direct deposit application through your tax return. Direct deposit should now be set up directly within online banking of your bank account. If you would like to set up direct deposit, refer to your own bank for guidance on how to set this up.