... there are two things worth knowing:
For your U.S. tax return: If you earned more than $10,000 in wages in a given calendar year in the U.S., no matter whether the earnings were from one or several employers, you will be taxed starting at the first penny earned in that calendar by the IRS. The tax treaty only applies when you earned less than $10,000 in total from all employers during the calendar year. Thus, if you for example got treaty benefits at the College or at the Institute in the spring and then get a better paying job after graduating, consider filling out your W-4 for the new job in a way to get taxed a little bit higher otherwise you will end up owing a lot of taxes at year-end and the IRS could even fine you for underpaying your taxes during the year.
For your Canadian tax return: You might need Form TL 11 a "Tuition, Education, and Textbook Amounts Certificate - University outside Canada". Send the Form with your name, Banner ID, and the address you want the form sent to to Student Financial Services (SFS). SFS will determine whether you were a full-time or part-time student and enter the year and month accordingly. In addition, SFS looks at your account and calculates tuition + health insurance (if paid to College) + study abroad fee and enters what how much of the total was paid in for the semesters within the tax (calendar) year with the help of these instructions. Note: Student Activity Fee is not included.
For example, if a student pays tuition+activity fee+study abroad fees in August 2011 for the whole academic year covering September 2011 through May 2012, only the part of the fees relating to the fall 2011 semester are entered on the form for 2011, the fees for J-term and spring 2012 will be entered on the form for 2012.
Note: The Tax Office has copies of two Canadian publications with information for students. To view the documents (Information for Students - Educational Institutions Outside Canada, and Students and Income Tax) schedule an appointment to come to the office. For these documents and additional information the Canada Revenue Agency maintains a website at www.cra.gc.ca. Canadian students will find additional help at www.cra.gc.ca/students. Suggested pamphlets are P105 Students and Income Tax; P151 Canadian Residents Going Down South; and T4131 Canadian Residents Abroad.