Filing Tax for the first time!

[vehementsnow]

First year filing tax. Need your help!

My situation.
1) I went to University of British Columbia for 5 years (2003-2008). Paid International tuition.
2) Now working with my Post-Graduate Work permit.

This is the first time filing tax for me. Because I have one job which the employer deducts a portion of my pay for tax, my tax filing does not seem too difficult. However, I am concerned with the HUGE amount of money I spent going to UBC. Can I benefit from this at all? Can I get some money back from CRA?

 

[prof456]

First year filing tax. Need your help!

My situation.
1) I went to University of British Columbia for 5 years (2003-2008). Paid International tuition.
2) Now working with my Post-Graduate Work permit.

This is the first time filing tax for me. Because I have one job which the employer deducts a portion of my pay for tax, my tax filing does not seem too difficult. However, I am concerned with the HUGE amount of money I spent going to UBC. Can I benefit from this at all? Can I get some money back from CRA?

Yes you can. You will have to paper file all those 5yrs of study, individually. With that filed, you'd get a letter from Canada Revenue Agency showing how much you can claim (offset) on your future tax returns. You get to offset the tax your employer deducts every year till you exhaust your "tuition bank" .