Individual Income Tax Filing

By Xin Zhao

International student

No income

Deadline: On or Before April 30,2016

Period= Jan 1st, 2015-Dec 31st, 2015

????

Some Basics

Story of XIN

Why file a tax return

How to file a tax return

Q&A

Content

Once upon a time…

WINNIPIGGY

X

I

N

WINNIPIGGY

X

Little Pig X

WINNIPIGGY

Little Pig I

WINNIPIGGY

N

Little Pig N

WINNIPIGGY

They pay taxes day and night

WINNIPIGGY

N

XI

Before April 30th, 2016

Received

X A $866 installment return from CRA

I A $1286 installment return from CRA

NA fine of $25,000 and one year in prison

Two months later…

WINNIPIGGY

X I

THE END

For the next year

Mandatory

To Owe or Not To Owe Any Taxes

Safety First

!

!

!

Lessons from the story

Use Free Income Tax Clinic 

Use online software by yourself

Hire a reputable company/accountant

!

!

!

How to file a tax return

Q&A