Students who enroll full-time and are entitled to the tuition deduction are not required to claim scholarship money appear in Box 105 of the T4A tax slip as taxable income, except when related to employers and businesses.
The following qualify for the scholarship exemption and are considered non-taxable:
- scholarships
- awards
- bursaries
- fellowships
For more information, please click:
TurboTax Financial Awards That Qualify for the Scholarship Exemption
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