Scholarships and other academic awards are considered income and must be reported on your return. However, you can reduce the taxable amount of this income if you meet the eligibility requirements for the scholarship exemption.
First and foremost, please file your T2202 amount and then report it with the correct amount of month, for more information please visit How to claim the T2202 Tax Form.
TurboTax automatically calculates your exemption (the amount you won't be taxed on), from the information you enter in box 105. The remaining (taxable), amount is then included in the Other Income section on your tax return.
How to add your scholarship amounts to TurboTax
TurboTax Online:
- In the upper-right corner of your screen, select Find (magnifying glass)*.
- In the Find window, type in “T4A” and select “T4A Pension, Retirement, Annuity”. Click the “Go” button.
- Click the “Enter New T4A” button at the bottom right of the page.
TurboTax CD/download:
- On the upper-right corner of your screen, select Find (magnifying glass)*.
- In the Find window, type in “T4A” and select “T4A Pension, Retirement, Annuity”. Click the “Go” button.
- On the “Entering your federal T-slips” page, check the box next to T4A.
- Click the Continue until you reach the T4A Summary page.
- Click the “Enter New T4A” button at the bottom right of the page.
* If you don’t see the Find button, you may not have completed the Setting Up/Introduction section of your return. Continue through the Setting Up section until the Find button appears.
For more information as per CRA please visit
CRA information on Line 130 – Scholarships, fellowships, bursaries, study grants, and artists' proje...
Thank you for choosing TurboTax, we are always here to help.
