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New Member
posted Feb 27, 2024 9:00:30 PM

Do i report grants received as part of my canada student loans?

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1 Replies
Intuit Alumni
Feb 28, 2024 6:06:12 AM

As per our TurboTax article: What to Claim as Income if You’re a Student 

Scholarships, Bursaries and Apprenticeships

A certain portion of scholarships, fellowships and bursaries may be taxed as income, unless you are eligible for the education amount, which is calculated using a formula provided by CRA.

Full tax exemption applies to scholarships, fellowships and bursaries awarded for full-time study toward a diploma or degree, with the exception of postdoctoral study. If you receive an artist’s project grant, you should declare it, but you may use a scholarship exemption, if applicable, to reduce your income.

Apprenticeship grants must be declared as income and will be on your T4A slip.


 

Please see our TurboTax FAQ below for guidance and steps:
Do I have to report scholarships and other academic awards on my return?


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