At what age to you have to start filing tax returns?

Answer 1

A person should start filing tax returns as soon as they have income to report, regardless of age.

The benefit of doing this is to establish RRSP room on earned income, and to claim back any overpayment of Canada Pension, Employment Insurance premiums and federal and provincial income taxes withheld from source deductions.

Anyone who has earned income below $2,000.00 annually would be entitled to an EI refund based on the EI withheld at source.

Anyone between the ages of 18 and 70 years old who earned less than $3,500.00 would be entitled to a CPP refund based on the CPP withheld at source.

Anyone who earned less than $8,839.00 in 2006 would be entitled to a refund of federal tax, and if that person earned less than $8,377.00 would pay no provincial tax whatsoever.

Anyone over the age of 19 who files an income tax return may also apply for the GST credit. Eligibility for this credit is based on net family income (line 236) of the T1 General Income Tax Return.

If you are a first time filer, you must submit a paper return to CRA, once you are established in CRA's system, you may be invited to telefile or netfile future income tax returns.

If you are unsure about whether you are required to file a 2006 T1 General Income Tax Return, you should contact CRA (Canada Revenue Agency) general inquiries at 1-800-959-8281.

Answer 2

There is no age limit or dependent status. If you earn over the minimum required then you must file a return. The only exception are some interest payments that can be included in parent's returns. If a one month old appears in movies and is paid then taxes must be paid and tax forms filed.

Answer 3

You have to start filing tax return as soon as you have income. It does not matter what age you are. If a 13 year old child has money in hes/her saving account and earns interest on it, the parents should file tax return on behalf of that child. I think there is threshold of $600, if you earn less than that you don't have to file. But the point is the age does not matter at all. Only income matters.

Answer 4

When no one claims you as a dependent anymore. That could be at age 25 or age 18. Parents can claim their children while they are in college until the age of 25 or the individual can start filing for taxes once they live away from their parents abode.

Hope this answers your question.

Answer 5

If you have taxable income that is high enough for you to owe taxes, a return should be filed for you.

You basically have to file if

a) you would owe taxes,
b) you or your spouse are claiming credits like GST, or
c) CRA demands that you file.

Even infants can have tax returns filed for them, if they had investment income high enough that they owed taxes (obviously someone else files it for them).

Answer 6

When you start working.
If you made at least $8,200 this past year you are required to file
if you are 14yrs old your parents can field your return with theirs

Answer 7

At 16 yrs old. Thats when you r legal age to work.

Answer 8

As soon as you pay taxes