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posted May 28, 2020 2:09:33 PM

OSAP count as income?

I did not work in 2019, but I did receive grants + loans from OSAP that I reported in the box 105 T4A sections, as well as scholarships from my university. When I review my file in the warning/error section, I am prompted to verify that I have no income--does OSAP and scholarships count as income? 

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Level 6
Nov 19, 2021 7:04:59 AM

We appreciate you choosing TurboTax, 

 

No, OSAP does not count as income on your tax return as it is non-taxable. 

 

As per CRA ,Grants from OSAP aren't taxable. Under the Income Tax Act, they are exempt from taxes on scholarships and bursaries. As a result, students do not have to report grant money on their tax returns. The Canada Revenue Agency requires the Ministry to issue a T4A for OSAP grants, which is accessed through the student's online account at the National Student Loans Service Centre: 

 

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