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posted Jan 16, 2023 12:35:07 PM

I am a student who received a T4A in 2020 for OSAP grants. Is this included in the T4A tax return in box 105? If the grant was over $500 which 105 box does it go into?

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Intuit Alumni
Jan 16, 2023 1:22:36 PM

Box 105 – Scholarships, bursaries, fellowships, artists’ project grants, and prizes

If you were a full-time student, your scholarship/bursary income is exempt from tax in most cases in all provinces except Quebec. However, you do need to enter the T4A information on your tax return. So when you enter your T4A income, choose the option for Box 105 that applies to Full Time students to make sure you’re not paying tax on this tax-exempt income.

If you were a part-time student, some or all of your T4A scholarship/bursary income may be exempt. At least $500 will be exempt in most cases. How much exactly depends on how much your courses cost and how much scholarship/bursary income you received.

 

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