Moving to Canada for higher education involves several important financial steps, and opening a local bank account is one of the first things every international student should do. A Canadian bank account helps students receive funds safely, pay tuition and rent, use debit cards, build credit history, and avoid excessive foreign transaction charges. Most Canadian banks provide special student banking packages designed for international students. These accounts usually come with low or zero monthly fees, unlimited transactions, mobile banking access, and student-friendly benefits. Why International Students Need a Canadian Bank Account Having a Canadian bank account offers several advantages: Easier payment of tuition fees and accommodation charges Safe storage of money instead of carrying cash Ability to receive wire transfers from family abroad Access to debit cards, online banking, and Interac e-Transfers Better management of daily expenses Opportunity to build Canadian credit h...
India's ITR -1 return filing form released by Income tax department is applicable only for Individuals.
If you are planning to file your Income Tax Return(ITR), before filling ITR-1 for Assessment Year 2025-26(Financial Year 2024-25), it is advised to refer relevant provisions of Income Tax Act, Rules and Notifications for getting complete details. Income of spouse(other than those covered under Portuguese Civil Code) or minor are to be clubbed only if the source of income is within the specified limits as mentioned below. ITR - 1(SAHAJ) . ITR - 1 is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources upto Rs.50 lakh. 1. Salary/Pension. 2. One house property. 3. Other sources (interest received on enhanced compensation, interest from savings account, interest from deposits, interest from income tax refunds, any other interest income family pension, dividend etc.) 4. Agricultural income upto Rs.5000. Explanation ITR-1 cannot be used by a person (1) who is a Director in a company. (2) has held any unlist...