rbergero
New Member

Scholarship exemption issue

Hello,

 

I am trying to declare scholarship revenues for a university level student and I read online according Income Tax Act s. 56(1)(n), 56(3), that these amounts are not taxable if I am a qualifying student. However, when I enter the amounts in turbotax at line 105, as well as the amounts from the T2202A in the appropriate boxes, I still see that the scholarship revenue is fully taxable and there is no exemption. Here are the links that I used for reference purposes, any insights would be greatly appreciated!

Thanks

 

https://www.taxtips.ca/filing/students/scholarships.htm?fbclid=IwAR3rfFtLpFijXw5_yxoBhGaUtEaoQ8H3LtH...


 


https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

 

 

 

 

Troubleshooting

If you are still not able to resolve this issue, please contact our phone support team at 1-888-829-8608.