Tax Credits for Students
Students may be eligible for tax credits even if there is no income. Common refundable tax credits for students include: Canada training credit, tuition, education, and textbook amounts.
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Non-Residents & RESPs
If an RESP subscriber or beneficiary is (or will become) a non-resident, there may be some Canadian tax consequences, as well as tax consequences in the foreign jurisdiction.
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RESP Tax Implications
RESPs are registered accounts that permit tax-free investment growth, however, there may be tax implications on withdrawals.