Tax Return for 19 Year Old
#1
Thread Starter
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Joined: Sep 2003
Posts: 678
From: Christina Lake. BC







I have a 19 Year Old son that is a dependent at college who I pay his tuition fees etc.
Is he required to fill his own tax return or can I include his income and expenses on either mine or my wife’s
Thank in Advance
Is he required to fill his own tax return or can I include his income and expenses on either mine or my wife’s
Thank in Advance
#2










Joined: Sep 2008
Posts: 12,830











He has to do his own. My 18 year old had to do one last year and and got some tax back from a part time job.
#4
If he is not earning and you pay all his college fees, you can claim them back on your tax (and he doesn't have to fill in a tax return) ... also the money spent on books for his courses. Make sure he keeps all receipts!!
#5










Joined: Sep 2008
Posts: 12,830











You might want to ask an accountant for an opinion as to how best to structure the claim of expenses and income.
#6
I had a go on one of the online tax calculators and one of the questions asked if any of my children (under 18) earned any money, and to enter the amount. My son works p/t (and also attends high school) so I have to enter the figures from his T4. I am not sure if that will work out to my disadvantage or not. I have an appointment with an accountant to do my taxes on Friday so will find out then. I will also find out if he has to do his own taxes at 17 or are they done along with mine and Mr YCDs
#7
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Joined: Dec 2005
Posts: 667
From: Cochrane near Calgary, Alberta











I had a go on one of the online tax calculators and one of the questions asked if any of my children (under 18) earned any money, and to enter the amount. My son works p/t (and also attends high school) so I have to enter the figures from his T4. I am not sure if that will work out to my disadvantage or not. I have an appointment with an accountant to do my taxes on Friday so will find out then. I will also find out if he has to do his own taxes at 17 or are they done along with mine and Mr YCDs 

#8
Binned by Muderators










Joined: Jul 2007
Posts: 11,708
From: White Rock BC











If a parent wants to claim their child's tuition fees and education amount, the child must file their own tax return. If they don't have sufficient income (or any income) to use up the credits, they can defer them to a later year, or transfer them to their parents. The child needs to complete schedule 11 of the tax return and make the designation on the T2202 they receive from the school/college.
Every child that earns any income should file a tax return. Programs like QuickTax and Ufile will do low income returns for free.
Every child that earns any income should file a tax return. Programs like QuickTax and Ufile will do low income returns for free.
#9
Binned by Muderators










Joined: Jul 2007
Posts: 11,708
From: White Rock BC











I had a go on one of the online tax calculators and one of the questions asked if any of my children (under 18) earned any money, and to enter the amount. My son works p/t (and also attends high school) so I have to enter the figures from his T4. I am not sure if that will work out to my disadvantage or not. I have an appointment with an accountant to do my taxes on Friday so will find out then. I will also find out if he has to do his own taxes at 17 or are they done along with mine and Mr YCDs 

Certain benefits are calculated on family income and this is one way the CRA captures the information they need. A single person can claim an "equivalent to spouse" tax credit if they have dependent children, but this credit is reduced by the child's earnings. As a couple, his earnings will not affect your taxes.
#10
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Joined: Oct 2008
Posts: 22

If he flies his own return he will also be able to get the quarterly GST refund cheque if his income is low enough.
#12
Banned



Joined: Mar 2009
Posts: 146

He has his own, but you should get his tax return as you are paying for his college tuition and giving him room and board.




