Fleming College Students Hosting Free Community Tax Clinics

Fleming College accounting diploma students are holding free tax clinics for any eligible individuals announced on Monday.

Photo courtesy of Fleming College.

The tax clinic are held virtually and run each Tuesday from March 22 to April 19, from 9 a.m. to 1 p.m.

To be eligible for the clinic, individual or family income should be no greater than:

• 1 person - $35,000

• 2 persons - $45,000

• 3 persons - $47,500

• 4 persons - $50,000

• 5 persons - $52,500

For households larger than five persons, $52,500 plus $2,500 for each additional person.

To book an appointment: send an email to taxclinic@flemingcollege.ca. Once an appointment is scheduled, a Webex link will be provided that will be open during clinic hours.

Fleming asks any clients to have the following information on hand to have their 2021 tax return completed:

• Social Insurance Number (SIN)

• T2202A Tuition Receipt which can be downloaded from your student portal

• Rent receipts for rent paid in Ontario in 2021

• Medical expense receipts

• T4 Statement of Income (provided by your employer if you worked in Canada during 2021)

• Any other tax related slips you may receive in the mail such as T5 and T3 slips (for investment income)

• International Students and New Canadians filing a tax return for the first time will need to provide their date of arrival in Canada

For more information about free tax clinics, click here.

Students can find more information about tuition tax credit and general income taxes at the following sites:

• Students: canada.ca/taxes-students

• International Students: canada.ca/taxes-international-students

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Ontario's Staycation Tax Credit In Effect

The Ontario Government’s staycation tax credit is now in effect for 2022.

The Ontario Government claims the credit will provide an estimated $270 million in support to about 1.85 million Ontario families. Photo by David Tuan Bui.

Ontario residents can claim 20 per cent of their eligible 2022 accommodation expenses if lived in the province by Dec. 31 this year.

Expenses of up to $1,000 as an individual or $2,000 if you have a spouse, common-law partner or eligible children, to get back up to $200 as an individual or $400 as a family can be claimed.

You can claim the Ontario Staycation Tax Credit for accommodation expenses for a leisure stay of less than a month in Ontario, at a short-term accommodation or camping accommodation, such as a:

• hotel

• motel

• resort

• lodge

• bed-and-breakfast establishment

• cottage

• campground

Short-term accommodation would generally not include timeshare agreements or a stay on a boat, train or other vehicle that can be self-propelled.

The tax credit only applies to leisure stays between Jan. 1 and Dec. 31 this year regardless of the timing of payment for the stays. The tax credit does not apply to business travel.

The accommodation expenses must also:

• have been paid by you, your spouse or common-law partner, or your eligible child, as set out on a detailed receipt

• have been subject to Goods and Services Tax (GST)/Harmonized Sales Tax (HST), as set out on a detailed receipt

• not have been reimbursed to you, your spouse or common-law partner, or your eligible child, by any person including by a friend or an employer

As long as all other conditions are met, you can claim any of the following expenses:

• accommodation for a single trip or multiple trips, up to the maximum expense limit of $1,000 as an individual or $2,000 as a family

• accommodations booked either directly with the accommodation provider or through an online accommodation platform

• the portion of the expense that is necessary to have access to the accommodation

• the accommodation portion of a tour package expense

You must keep your detailed receipts for any eligible expenses you incur. Those receipts should include at least all of the following information:

• the location of the accommodation

• the amount that can reasonably be considered to be for the accommodation portion of a stay

• the GST/HST paid

• the date of the stay

• the name of the payor

You can claim the credit on your personal Income Tax and Benefit Return for 2022.

The Ontario Staycation Tax Credit is a refundable personal income tax credit. This means that if you are eligible, you can get this tax credit regardless of whether you owe income tax for 2022.

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Fleming College Runs Free Public Virtual Tax Clinic

Fleming College Students in the accounting diploma program are holding a virtual tax clinic as part of the Community Volunteer Income Tax Program for Apr. 7 and 14.

The clinic is open to students and community members free of charge. It will run from 11:00 a.m. to 3:00 p.m.

Photo courtesy of Fleming College

To be eligible for the clinic, the maximum family income must fall within:

• 1 person $35,000

• 2 persons $45,000

• 3 persons $47,500

• 4 persons $50,000

• 5 persons $52,500

For households larger than 5 persons, $52,500 plus $2,500 for each additional person.

Photo courtesy of Fleming College

To book an appointment, send an email to taxclinic@flemingcollege.ca or phone 705-749-5530 ext. 1133. Once an appointment is scheduled, a Webex link will be provided that will be open during clinic hours.

Information to bring to the tax clinic in order to have your 2020 tax return completed:

• Social Insurance Number (SIN)

• T4A slips for CERB, CRB, CRCB or CRSB

• T5007

• If you are filing a tax return for the first time, you will need to provide the date you arrived in Canada

• T2202A Tuition Receipt, which can be downloaded from the student portal

• Rent receipts if rent paid in Ontario during 2020

• Medical expense receipts

• T4 Statement of Income

• Any other tax-related slips you may receive in the mail such as T5 and T3 slips (for investment income)

For more information, please email: taxclinic@flemingcollege.ca.

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