Student

Eligibility for tax credits and deductions: As a student, you may be eligible for various tax credits and deductions that can lower your overall tax bill, such as the tuition, education, and textbook tax credits. These credits can help reduce the amount of taxes you owe.
Applying for government benefits: Filing your taxes is also necessary if you wish to apply for government benefits.
Improving your credit score: Filing taxes regularly and paying any taxes owed on time will help you build a good credit score, which can be beneficial in the future if you need to take out a loan or mortgage.
Providing a proof of income: Filing taxes regularly is also an easy way to provide proof of income, which can be useful when applying for jobs, credit cards, or other financial products.
Receiving a refund: If you have taxes withheld from your income, you may be entitled to a refund when you file your taxes. This can be especially beneficial for students who may be living on a tight budget.
Building RRSP contribution room: Filing taxes each year will help you build contribution room for a Registered Retirement Savings Plan (RRSP), which can help you save for your retirement.
Repaying student loans: If you have student loans, the government may have been taking money off your student loan payments as a part of your income tax. Filing your taxes will help you to repay your student loans faster.