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<font color="#800000"><b>Please share this information with our
students!<br><br>
</font>ASEC (Accounting Student Education Contribution) is running a free
tax clinic right on campus. </b>Held in the MPR at the SLC on
<b>April 1st-3rd, 12-10 pm</b>, any low-income earners (individuals below
$2400) can go there to file their tax returns. All volunteers are
students from the School of Accounting and Finance (SAF), trained by the
Canada Revenue Agency.<br><br>
Now what are the benefits of doing your taxes this year? Here are the
major ones: <br><br>
Free Money in the Mail: You can qualify for a refundable tax credit from
the Ontario government of $100, provided that:
<ul>
<li>you lived in Ontario for the majority of 2008
<li>you were 16 or older on December 31 of 2008
<li>no one else claimed an Ontario Sales Tax Credit for you
</ul>This should apply to many UW students; after filing, you will
receive a cheque of $100 in a few months, delivered right to your mailing
address. For more information, or if you have a spouse or a dependent to
qualify for even more money in this credit, visit
<a href="http://www.rev.gov.on.ca/english/credit/stc/" eudora="autourl">
http://www.rev.gov.on.ca/english/credit/stc/</a> <br><br>
More free Money: If you're 19 or older, you could qualify for ANOTHER
refundable tax credit, this time from the Federal government. The
calculation for this credit is a little more complicated, but the basic
amount is $242.00, so you will get that in the mail if you did not get
paid more that $7851.00 in 2008. For full details and possible additions
(i.e. having a dependent), visit
<a href="http://www.cra-arc.gc.ca/E/pub/tg/rc4210/rc4210-e.html#chart2" eudora="autourl">
http://www.cra-arc.gc.ca/E/pub/tg/rc4210/rc4210-e.html#chart2</a> - this
is an example of what if you get if you're single, separated, divorced or
widowed<br><br>
Future Money: If you had a job that earned some money, even less than
$1000, you add to your RRSP room. Your RRSP room lets you put more money
to save against further taxes, saving you money in the future.<br><br>
Many other claimable credits: For example, if you live on-campus
residence, did you know you also qualify for another $25? Check out
<a href="http://www.cra-arc.gc.ca/tx/ndvdls/menu-eng.html" eudora="autourl">
http://www.cra-arc.gc.ca/tx/ndvdls/menu-eng.html</a> for all the details.
<br><br>
Most importantly, you did NOT need to have a job in 2008 to file your
taxes. This is a misconception that we're trying to fix, so tell all your
friends if you're interested! <br><br>
So want to get started filing? Make sure to bring the following during
our free clinic days:<br><br>
Your SIN (Social Insurance Number)<br>
Any tax forms issued by the government (usually starts with a T, such as
T4; and if applied to you should have gotten them in the mail) Valid
copies (photocopied, scanned or faxed) are acceptable <br>
All applicable receipts: (i.e. charitable expenses, child care expenses,
rent) NOTE: Although you normally need a rent receipt for housing, if you
are ON CAMPUS at UW, it is not needed, as it is just a $25. <br>
Your tuition information - you can qualify for a credit if you have your
tuition information at hand (i.e. fees paid in 2008 for tuition ONLY);
unfortunately this credit is non-refundable (no money), but it is
something to file anyway to improve your RRSP room in the future; visit
<a href="http://www.cra-arc.gc.ca/E/pub/tp/it516r2/README.html" eudora="autourl">
http://www.cra-arc.gc.ca/E/pub/tp/it516r2/README.html</a> for more
info<br>
Basic Personal Information along with Government-issued Photo ID: Mailing
address (to receive the money), date of birth, emergency contacts, etc.
<br><br>
So bring these documents to the clinic, and we'll have them filed to you
in no time. Volunteers will be using the electronic UFile system with
you, which is a simple interview based system (we ask you questions for
certain tax criteria, and you answer them), so there is no need for
manually line-by-line filing, and each filing should take 15-30 minutes.
We will be submitting your tax return through the E-file system.
<br><br>
<b>So if you have any more questions about income limitations and tax
returns info, visit, <a href="??.htm">www.asec.ca/taxclinic.php</a> OR
e-mail us at taxclinic@asec.ca <br><br>
</b>On behalf of the whole Tax Clinic Team, we hope to help you with your
returns and may it be a speedy success!<br><br>
Cheers,<br>
The Tax Clinic Team 2009<br>
<x-sigsep><p></x-sigsep>
<font color="#808080">Student Recruitment Office<br>
Prospective Student Advisement<br>
FACULTY OF ARTS<br>
University of Waterloo<br>
Ontario, Canada, N2L 3G1<br>
Phone: 519-888-4567 x32259<br>
FAX: 519-725-1749<br><br>
Arts - Experience the Waterloo difference.<br><br>
Faculty of Arts -
<a href="http://www.arts.uwaterloo.ca">www.arts.uwaterloo.ca</a><br>
Information for Applicants -
<a href="http://www.findoutmore.uwaterloo.ca/thenextstep/" eudora="autourl">
www.findoutmore.uwaterloo.ca/thenextstep/<br>
</a>Information for Prospective Students -
<a href="http://www.findoutmore.uwaterloo.ca">
www.findoutmore.uwaterloo.ca<br>
</a></font>
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