TAXES – Consider buying RRSP’s to reduce the amount of taxes paid while working. If your income is lower when you return to school these investments can be cashed at a lower rate.
MOVING EXPENSES - If you move at least 40 kms closer to your new place of work, you can deduct eligible moving expenses from employment income. For more information you can visit www.cra-arc.gc.ca and view the form "T1-M Moving Expenses Deduction."
MEDICAL PLANS – Make sure you have with you your Ontario Health Plan Number. For extra Medical Coverage such as prescriptions, eye glasses, dental look into a private insurance plan, i.e. Blue Cross.
VACATION POLICY – Ask your employer about earned holidays. Find out how many you are entitled to and if there are any restrictions regarding when you can take them. Also, find out about statutory holidays (don’t assume that the company will close on regular statutory holidays).
OVERTIME POLICY – Ask your employer how they reimburse for overtime. Some companies give you time off in lieu of pay, others have a pay scale depending on when the overtime is worked.
SCHOLARSHIP DEFERRAL – Students who qualify to receive a continuing scholarship in the academic year in which they participate in this Program are permitted to defer receipt of the scholarship for one year. Once an internship position has been accepted, King's students should write a letter to request the deferral of their scholarship. Consult with Lydia Li, DL 109, firstname.lastname@example.org for further details.