When Your Child Should File
Young individuals must file a tax return if one or more of the following situations apply:
They have earned income from employment or self-employment
Taxes were deducted from their pay (e.g., T4 slip) and they may be eligible for a refund
They turned 19 during the year and want to qualify for the GST/HST Credit
They have paid eligible tuition fees and want to claim the tuition tax credit
Benefits of Filing Early
Tax Refunds: Filing allows your child to claim back any overpaid taxes if their income is below the basic personal amount
Build RRSP Contribution Room: Filing earned income helps them start accumulating RRSP room for future savings
Claim Government Benefits: Filing ensures they receive benefits like the GST/HST Credit starting the month after they turn 19
Carry Forward Credits: Filing enables tuition credits to be carried forward or transferred to you
A Life Lesson for Filing Taxes
Filing taxes early teaches your child important financial skills that will benefit them for life:
Responsibility: Understanding income, taxes, and government benefits encourages good financial habits
Organization: Managing documents like pay stubs, tax slips, and receipts is a skill they’ll use in many areas of life
Financial Awareness: Filing a tax return helps them see where their money goes and how taxes impact their income
These foundational lessons will set them up for financial success as they enter adulthood.
Why It Matters
Filing taxes is more than just a requirement—it’s an opportunity for your child to:
Receive refunds and credits they’re entitled to
Start building their retirement savings early
Learn to manage their finances responsibly
Filing a tax return teaches your child how to navigate the tax system while maximizing their financial benefits. It’s a simple but impactful step toward building their financial future.