There are two types of tax credits

Non-refundable tax rebates can reduce the amount of tax you owe; for example, you can get a tax bonus on gifts and donations.

Refundable tax rebates can reduce the amount of tax you owe but are also available if you don’t owe any taxes.

The benefits can help with various living costs, such as child-rearing, housing, loss of income, and health care costs.

No exceptions for age or occupation

Whether you are 9 or 90, age has no effect on your tax return. If you meet any of the above requirements, CRA expects to receive a tax return from you.

Students are also not exempt from submitting. If your 20-year-old is an entrepreneur who earned over $ 3,500 (after expenses) running a small business last summer, he or she must file a tax return while still in school. All working children should file a tax return as soon as they start earning.

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