Students face a number of challenges at tax time especially if you have moved away from home. There are T4’s from summer employment to track down and carry forward tuition amounts to find. Preparing your tax return is challenging enough for a student. Let TurboTax help with Auto-fill my return.
Auto-fill T slips
If you move to attend university, your previous employers may send your T4 to your old address. In the past, you’d have had to make calls to arrange for a copy to be sent to you and then wait for it to arrive before filing your tax return. With Auto-fill my return, there’s no more waiting to file.
The Canada Revenue Agency receives a copy of your T4 from your employer in early March each year and stores it in your Canada Revenue Agency (CRA) My Account. Auto-fill my return loads this information directly to your tax return. No need to type in box numbers or chase down paperwork. It’s all at your fingertips with Auto-fill my return.
Auto-fill Unused Tuition Credits
Most students leave university with lots of unused tuition and education credits just waiting to be used up once you’ve landed a good job. These amounts are calculated each year and must be entered into your tax return accurately. With Auto-fill my return, your carry forward tuition and education amounts will be loaded right into your tax return. Don’t struggle with calculations or spend time locating last year’s Notice of Assessment. Auto-fill it instead.
Your CRA My Account
In order to use Auto-fill my return, you must be registered for your CRA My Account. Your CRA My Account is a secure portal available to Canadian taxpayers to manage their tax affairs online. Use your My Account to view payment dates and amounts for benefits programs such as GST/HST, CCTB and UCCB. You can also instantly update your address and direct deposit info online using your CRA My Account.
Register for a CRA My Account.
Learn more about Auto-fill my return.
