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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