Yes, you do need to think about taxes. It might sound like a bore, but the way you plan for and
handle taxes can put extra money in your pocket.

Students often have multiple sources of income and many opportunities for tax deductions.

Have you received income from work, a scholarship or bursary? Have you cashed in an
RESP? Can you deduct moving expenses?

The Canada Revenue Agency web site can answer your questions with tax
information for students:

• How to file your first tax return.
• Why students should file a tax return.
• The most common deductions that apply to students, including
  moving expenses and child care expenses.
• Applying for the GST/HST credit.
• How to obtain a Social Insurance Number (SIN).
• The importance of reporting income to start building up RRSP
  contribution room for use in future years.