Filing taxes in Canada in 2024 | Don't Loose your $2000 | Tax Benefits in Canada 2024

[@saifrahman4948]

I think you are wrong about T2202 tax slip. You said that we will get 15% refund. However, as per my understanding and research, the T2202 tax slip cannot issue a refund like the refundable tax credits since it is a non-refundable tax credit. Meaning, that if a student paid ~$40,000 international tuition fee then they will have ~$6,000 of non-refundable tax credits which will lower their tax owing to $0. The remaining credits will be carried forward to the upcoming tax years. I could be wrong, so do correct me if anyone knows more on this matter. Let's help each other out. ✌🏽

[@Yash-st1bs]

you are right mate!

[@JaspreetSingh-hf3rz]

At the end of studies, you get a refund from the fees you paid! I don’t know about getting it at the end of the year or end of the studies, but you do get refund!

[@raphaelcasey6620]

you never get a refund, it's a non-refundable tax credit.

[@JaspreetSingh-hf3rz]

@@raphaelcasey6620 I don’t know about you, my sister got 4-5 thousand dollar refund. So did one of my cousins!

[@yuvrajschannel4041]

It reduce the taxable income to 0. How can that be 15%????. It is not that simple. But think as if you have started working, the basic tax rate would minimum be 15% if you cross the minimum threshold, I guess for Ontario federal threshold is 15K and provincial is about the same. So say, if you have earned around 50K a year. Employer should have deducted tax based on you 50K salary but if you have 40K from tuition fee then, 50K - 15K(person threshold) = which would be 35K. Then your tuition fee can be deducted from 35K. So the taxable amount would be ideally Zero, i.e. 0. Such that now, the tax you have already paid as it would have been deducted during the course of the employment will be refunded in full. This was he said 15% refund. But if you don't earn or earn within 15K range. You won't get anything refund from your tuition. Meanwhile this tuition credit can can be carried forward or can be transfer to spouse, parents and grand parents to the limit of 5000 CAD per year. Cheers! Note : This is not a financial advice and cannot be relied upon in any means.

[@canadianjatti]

THis is not a refund....its a return. Distinction is important. They are returning over payment of tax. That is all.

[@saurabhmahida3895]

So if we file tax as new comers For college fees and for work in 2023 We didn’t get in account thats what you want to say ?? Because i thought it will return in my bank account

[@JESSON_J]

@@saurabhmahida3895 you get your work tax refunded back to you after the deductions but if you add your T2022 from your school then you get tax credits which can used to deduct the from the total taxable amount then u get the remaining amount back

[@somkaranbhardwaj5484]

They are dumb. They just see all English words as same

[@Deedee_980]

Please how can I do it?

[@canadianjatti]

if they have your account details the return will be deposited to your bank account@@saurabhmahida3895

[@ronakwalia2249]

Sry beta late ho gayi vlog dekhney main ;very informative vlog;;thnx a lot beta 🙏🙏may God bless you and jasmine also

[@manpreetkaurrandhawa9859]

Gursahib main kafi time se app ke videos dekh rahi hu. Meri daughter 2022 Jan se Toronto main hai. App ne 13 mar 2023 ko ek video Post ki thi about tax file. Manav and Karishma tax boutique ke bare main bataya tha. Jisko dekh kar meri daughter ne bhi Manav se tax file kervaya.But hi cheat and after one year koi refund nhi mila or Manav call bhi pick nhi kerta. And Abhi pata chla ki usne refund kisi or account main dalva liya hai .kya koi or bhi hai jiske sath Tax boutique (Manav) ne fraud Kiya hai tu please comment kero

[@karanshanker5200]

Sir. To be honest they are giving very less tax return in between of $1500 and $2000 that is not the 15% of my tuition fess and they said that weather return and every thing is included in this.

[@fardoussaikatwannaberich]

can you tell me what is your annual tution fees?

[@dushyantgupta11]

Education is needed to earn & Education is needed to invest and save. Gursahib is giving it for free. Do make the best use of it guys. Great job Gursahib ❤

[@TheSkilledIELTS]

The organisation he talked about, Toronto Tax Boutique. Is a complete fraud, they take the money as non refundable deposit but they do not start tax preparation. Pls be mindful before bringing in sponsors, don't make us regret trusting you.

[@pascallemon6260]

Do they scam u

[@user-dk6st1fd5u]

Bro helpful, but lets not give incomplete information. Tell us if you actually get that 15% through tax credit(carryover) or if you can get it directly through tax filing. If so, i haven’t seen anyone do that. What are you talking about?

[@jurendran3983]

Yeah, this doesn't seem realistic.

[@user-dk6st1fd5u]

@@jurendran3983 I did come across a more helpful video. More explanation on how to actually get the form. But this one still doesn’t say what the form contains, and most importantly if we are going to get the refund in our bank account with tax return. kzbin.info/www/bejne/hmebo3x_pMmVjq8si=HmaDB0xlbEyHaQzD

[@heenarao27]

Bhai… FYI ~ Ontario Child Care Benefit is for temporary work permit holders as well… you need not to be a Permanent Resident for this benefit…

[@hirensharma7400]

Great video! Super informative thanks❤

[@GursahibSinghCanada]

Glad it was helpful!

[@jassdeol8441]

What about students who came after 1st January 2024

[@neelamsharma-do9ll]

One thing the new students please be informed that you will be eligible for the refund of the tuition fees amount in the next F.Y...I also came to Know about this in my 1st semester of study Jan 24 intake

[@syedamisbah398]

Sources please?

[@AryanK1511]

Great video!

[@Manisha-ms3nh]

I didnt get any email from CRA. What should I do ? When i try to open CRA account it shows error.😢😢😢

[@shivangikhurana8604]

Hello Gursahib I filed tax but didn't get any benefit. Can you guide for refiling of tax?

[@gursharansingh6254]

Brother, in Canada worker benefit if spouse live in india, will i come under family income threshold or individual? Thanks

[@jindalsaab3054]

its not 15% that comes from our fees brother. we just use our tuition credits for getting 70% to 80% tax return of that year. Its wrong information you are giving. Thank you!

[@simransandal9750]

Please give me some more details about 70 to 80%

[@ShadabKhan98]

Bhai par vo 15% fee refund aapke account me to nhi aata haina?

[@Harman_Chopra]

Thanks for the video. Please let me know how can one get T4 from a job he/she has already left or the company was shut down.

[@paritasakariya4950]

It you have adp account for payroll then it would be visible there and if not then you can contact hr for the process

[@loveygholia7634]

You can ask manager to send t4

[@kamalsandhi7910]

When u gonna login into cra account there is a option of t4 slips just open it you will find evey t4 there.

[@kulwinderkhaira2253]

Bro mai visitor visa t Aya Mai rbc bank ch account open krwaya c tax wali letter aye a dssdo ge kive bharna😊

[@harwinderkaur3270]

Sir doosre province se return file kar sakte hai kya?

[@AmitKour-m1c]

Thank you so much veer g🙏🏻🙏🏻🙏🏻

[@sarabjotsingh8181]

Sir can you make a youtube video about list of in demend occupations for each province of Canada ?

[@hardeep3428]

Paji my cpa applied my tuition credit but there is no change in my return. Please guide

[@deraiyaaslam4380]

Best video and to the point talk

[@GursahibSinghCanada]

Thanks !!

[@ParmjitKaur-wk1xc]

Hello brother we are on temporary worker when i can apply child benefits

[@AngryYoungMan99]

U r videos always helps lot❤

[@GursahibSinghCanada]

Thank you so much 😀

[@HarryKharoud-vs7zc]

Kine day bhad paise aune start hunda a sir ??? Tex de

[@MarwadiJatni]

how much they charged for personal tax. i arrived in Nov 2023 as a PR but until now no work. i am not able to create CRA account. so can i fill TAX ?

[@canadianjatti]

yes you would report 0 for income

[@HarjeetSingh-je8ed]

Very knowledgeable vedio must watch by every one

[@rupeshshinde4781]

Brother my question is my friend Pharasict in Mumbai 3 years work experience hai abhi bhi jo kar kahi hai to Canada me India Pharasict ko Job mil sakti hai ky please advice & details video 🙏

[@goalarchive5442]

Sir abhi ham 1 year ka master course leke aate he canada me 2024 ya 2025 mein to hame 3 year ka work permit milega ? IRCC ke naye rules aye he na Please ess topic PE full video upload kare

[@roypinaki4u]

How to make an account with them if filing for the first time?

[@ABYNR321]

Ur tax professional will open that account

[@karthik24]

I am a phd student in montreal, do I need to pay tax? I get scholarships

[@HarpreetKaur-dr4di]

Hlo brother can you help me . I am doing my study in Ontario which is completed in this year after that I want to move to get my pr can you tell me in which province I have to move to get pr which would be easy for me

[@damanvaraitch6896]

Hi, can you make a video how to fill BC rental form479 to claim rental credit

[@MurtazaSamiwala-i2i]

How much does toronto tax boutique charge?

[@chandrasekharmurari6627]

Is it possible to deposit education fee tax credits into our bank account?

[@navneetsingh3772]

No, its a credit for future tax

[@rashim7914]

What about the welcome canada form?

[@sagarrex9180]

what abt conestoga college, doon ? how is the college ? my intake is may 2024.

[@aayushsingh5580]

Bakwas

[@rao_here]

Kbhi mt lo bekar location h kuch kam nhi milega agr 60k pm ghrwale bhej skte h to ajao

[@Stubborn___jaat]

Kon kon India se bs time pass ke liye video dekh rha❤

[@pascallemon6260]

Do minimum wage workers have to pay tax in canada

[@papajohn325]

Bro I need your advice. I filed my tax last year and this year also I will. I might leave Canada in September. So do I need to close my bank account as I will be getting my tax returns till next year. What to do in this case?

[@sarwara3973]

apply krta reh bhai ... no issue

[@baldoldmonk]

Phenomenal amount of information! Kaash KZbin me bookmark option hota!

[@jhilmil1401]

Save and watch later hota hai

[@baldoldmonk]

@@jhilmil1401 I added it to a private playlist,for lack of bookmarks! Thank You!

[@GDeep007]

bro j bnda married aw fr b tax file ho skda?? J spouse india howe

[@sabinpathak9176]

2024 may intake, Lambton college Mississauga??

[@mohitpaniar6995]

Yes brthr

[@sabinpathak9176]

@@mohitpaniar6995 where are you from?

[@Nohandle1968]

is it possible for international student to claim for the years they missed claiming ? thanks for useful information

[@rajneeshbishnoi2717]

Nice news u have And usefull

[@Ahmed-gm8ol]

RRSP is still taxable at the time of withdrawal.

[@misseethavlog]

Yes, you have to pay if you withdraw, unless you do not receive any income during the year. There you would not have to pay anything since you would only be receiving the money from your RRSP. (That's what my account executive at my bank told me)

[@canadianjatti]

@mseethavlog only partially correct. Depends on how much you withdraw even if no other income. Up to 15k (whatever the personal limit amount is) will be fine. Taking more than that will get taxed.

[@user-sd1bx8js9q]

bro T2220 v same hunda??

[@shahparth1220]

How and when we will get child benefit , from when I will lending

[@HimalayanGypsy]

Only PRs and citizens can get it.

[@shahparth1220]

@@HimalayanGypsy yes as will come on PR then after how many days will get benefits of CCD in our account and where and when to apply for it

[@ManpreetSingh-ym1ov]

Sir mene college change kiya hai, fee refund krwyi hai, kya me ye benefits le sakta hoon ??

[@HarmanveerSinghDhaliwal]

Yes Cambrian college may intake

[@harjeetkaurgill7093]

Hii I m student of modern networks nd cloud computing ,please tell me what kind of job I can get after my study as well as what certificates I need to get for better job. Thanks

[@HimalayanGypsy]

You're focusing on AWS or Azure?

[@priyajithazra4454]

How to show Tips money like I am working in the bar give me some Idea this is my first tax file

[@HimalayanGypsy]

No need to show that as per my knowledge.

[@aditya_gupta_3]

Hello Sir. Sir, I have received an offer letter for Practical Nursing Program from Keyano college , Fort MacMurray and Mohawk college . Can you suggest me which college should I choose and why ? I am extremely confused so it would be great if you can help me out .

[@rajvinderkaur8427]

What college have u choosed man?

[@AshishGadhiya-xs4nw]

Hello Gursahib, Big Fan of yours. By way of introduction, I am a Chartered Accountant by profession. I also deal with all kinds of accounting and Taxation services. This is the first time, I am disappointed by your video. Tuition fee is deductions, not a benefit. So you will not get any refund because of tuition fees. You will get a tax credit. That you can use against your tax liability. Many young people follow you, and then they come to us and argue with us that they haven't received a 6000 dollar refund. Please let me know, if you want me to share the proper details, I am more than happy or I can also join you for all type of q&a. Thank. Ashish Gadhiya

[@karamgill4767]

How to register

[@Singh-u1w]

Anyone here for Saskatchewan

[@lammergeier8465]

Hi.i came to canada at visitor visa and applied for work permit inside canada.I got my work permit on 21st feb 2024. Am I eligible for filling tax or not? Or what can i do?

[@canadianjatti]

No lol you will file next year for 2024

[@UT1930]

Jo students 2024 may intake mein aa reh hai unke liye yeh useful hai k nii

[@HimalayanGypsy]

no

[@AnhTuPhucDerrickHoangCanada]

guy I got my refund today, 6 days after i netfiled on day 2

[@ravindranathsawane]

How much??

[@abc199619]

too much affiliate marketing bro, just need basic info

[@eternallight8084]

Who are going in may this year will they able to do this?

[@HimalayanGypsy]

its better you do it next year

[@anmxl1]

in current scenario should I consider Aus or canada? plzz reply sirr currently 12 boards chll rahe ne

[@akshatagarwal8297]

Hey man just a stranger from canada, just wanna say it doesn't matter where u go either cad aur Aus You need to understand other stuff like what r ur future goals,where do you see yoruself in next 5-10 years do you have any connections there PS: it bad in canada rn atleast in toronto, the prices r skyrocketting for rent and groceries while it's hard to keep up at part time jobs, make sure you learn some extra skills before you come to canada cheers lad

[@mr.googleuser6764]

Apply for aus and make sure to give us visa interview as a backup. Because aus has a broken immigration system and they sometimes give visas to idiots and sometimes reject highly academically successful students

[@jurendran3983]

Neither.

[@anmxl1]

i am thinking of cities like edmonton or calgary, would it be worth? and the future goals are to make a nice career not just in sake of getting the PR n talking abt the connections they are. i think that CA would provide me PR faster than that of AUS, is this the ground reality? the basic reason to move to abroad is to be financially independent after class 12 @@akshatagarwal8297

[@muttalib765]

45k views but sadly very less likes on the video

[@puneetbeenu]

if anybody wants to file taxes can contact me charges start from $20, one can get benefits of up to $1750 & tax refund on the basis of income

[@rao_here]

is this applicable to students who came in Dec 2023?

[@jatt-r8k]

BRO GIVE ME YOUR NUMBER

[@vikk1249]

Kitna canada canada karoge yaar. India ko dekho fastest growing economy ban rahi hai be a part of it. Ye kya firangi bane ghum rahe ho

[@koushikkanumuri253]

Anyone going to Halifax, Nova Scotia this fall

[@jayabhambhani2165]

Child benefits are available to PR holders only? If we’re on work permit, can we get child benefits?

[@missioncanadapossible]

You will be eligible for it after your 18 months stay, if you are not PR.

[@Ayushiu26]

Hello, this video is incredibly informative. I'm wondering if someone with a work permit who gives birth in Canada is entitled to any benefits? What expenses would they be responsible for?

[@monika4082]

What about those who came in January 2024? What benefits they can claim??

[@sukhwindersingh9268]

bhai aage kahan jaayega

[@bhavyanagpal]

Anyone who is going to regina saskatchewn in may 2024!!!!!

[@cookathomeyummyfood5457]

Very informative, well explained.

[@Kaur7678]

Portage at Campbell anyone???

[@Treopsycho]

Anyone here for may 2024 toronto humber college

[@l_beastgamerff7499]

Anyone here for april 2024 in calagry?

[@mankaran3340]

Anyone for may intake in naigara collage Toronto?

[@jindjeet3381]

tax file krne mein total kitna khrch aata hai?

[@canadianjatti]

You can do it yourself for free

[@bhawna7370]

Anyone from Conestoga College may intake for business course?

[@ShivaniSingh-ju5rk]

Hello, any enrollee from Marketing management and professional sales, LAMBTON College (Toronto campus) . Let's connect!!

[@Ikaranraper01]

Other countries par video

[@parakramchand2465]

Hahhaha bhai tu Dilli wala hai pakka@Paarak😛

[@invisible6743]

Anyone for may24 intake Cambrian College Brampton Campus

[@wesleypeter264]

Anyone here for 2024may Brampton

[@GaravGhuman]

Me bro

[@PAC-dd2km]

Hum bhi pele gye the tume bhi pele jaoge 😂

[@invisible6743]

Yes Anyone for Cambrian College

[@jurendran3983]

​@@GaravGhuman what college?

[@jurendran3983]

​@@invisible6743 good college?

[@manmeetkaur2379]

Thnkas bro

[@jefinsiby6494]

Hi, I thought of sharing a feedback on your video. Imagine you saw a video on KZbin which is titled in a language that you know and when you open it, you realize that the video is made in language that you don't understand! How much frustrated would you be? You'd probably dislike the video for wasting your time and would go to the next video. That was the situation when I watched this video. So, please title your video in the same language that you'd be making the video in or at least mention the language in the title.

[@sufyanmukri9610]

informative video

[@DhananjayPandey-n4f]

Could you please make a video to select the best city to move in Ontario province from india for an Indian family of 3

[@jurendran3983]

It depends on how much money you make.

[@RobanSandhu-j1g]

Anyone for may 2024,alpha college toronto

[@RobanSandhu-j1g]

Anyone for alpha college ,may

[@manavpatel4921]

Anyone for 2024 may gbc?

[@ZainHansoti]

🏃🏻‍♂️🏃🏻‍♂️🏃🏻‍♂️ Udhar Jake Baat Karte Hai 🏃🏻‍♂️🏃🏻‍♂️🏃🏻‍♂️

[@har4872]

Don’t fool innocent people by telling them that you can get fees refunds, it’s only credits that you get after paying fees.

[@ijlsr229]

its refund

[@ijlsr229]

I received it

[@astaadmaan8203]

@@ijlsr229where did you file the taxes can you provide contact

[@syedamisbah398]

@@ijlsr229how did you do it? Could you help or provide sources please?

[@ijlsr229]

@@syedamisbah398 basically, for example, I had to pay 800 $ in taxes, but then my tuition reimbursement was 2300, so i am getting back around $1400 in total. Talk to your CA , he'll do it

[@arshmanpreet07]

Anyone go to surrey may 2024 kpu

[@parasdeepsinghmiddukhera1945]

Jan 24 kpu

[@abhishekm3752]

Jhuth aise bolo ki lage ekdum sach h😂

[@bgmihacker9422]

I will be coming in july it is beeter 😅

[@jurendran3983]

How is it better?

[@bgmihacker9422]

@@jurendran3983 I asking? 🙂

[@parveen_sharma29]

anyone winnipeg

[@txverdi1702]

IN ENGLISH PLEASE :(