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Many students look forward to a big refund at tax time, however, a big refund is actually interest-free money given to the government. Students who
Many students look forward to a big refund at tax time, however, a big refund is actually interest-free money given to the government. Students who are below the Basic Personal Amount (i.e. $13,808 in 2021) could complete a TD1 form. This form reduces the amount that an employer withholds from a student's pay thus allowing students to instead use this money to invest and earn interest on it.
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