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posted Mar 15, 2022 6:01:48 AM

Are student loans in the scholastic income category?

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Level 4
Mar 15, 2022 3:37:11 PM

No, student loans are not considered scholastic income. 

 

Scholastic income is usually reported on a T-slip or Relevé (RL) slip. It can include: 

  • scholarships, fellowships, bursaries, study grants, and artists' project grants (T4A, RL-2)
  • research grants (T4A, RL-1)
  • withdrawals from an RRSP as part of the Lifelong Learning Plan (T4RSP, RL-2)
  • payments from a registered education savings plan or RESP (T4A)
  • tuition paid as part of a government-sponsored program such as Career Transition Assistance or Skills Development (T4E, RL-6)
  • financial assistance for worker training (RL-20)

For more information, please see our TurboTax FAQ. How do I report student loans or a student line of credit?

 

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