Your enrolment status and the nature of the scholarship you received will determine which portion of your scholarship, if any, is considered taxable income.
Note: Refer to your T4A: Statement of pension, retirement, annuity, and other income slip(s) to determine the amount of scholarship income you received during the year.
If you were a full-time student enrolled in a post-secondary program (refer to your T2202A or TL11 slip to confirm full-time enrolment), you qualify for the full scholarship exemption on your scholarship income. However, the scholarship exemption is limited to the extent that the award was intended to support your enrolment in the program.
When determining what portion of the award you received was intended to support your enrolment, consider the following:
- The duration of the program;
- Any terms and conditions that apply to the program; and
- The period for which the support was intended to be provided by the award.
If you were a part-time student enrolled in a post-secondary program (refer to your T2202A or TL11 slip to confirm part-time enrolment), the scholarship exemption amount will be limited to the tuition fees you paid and the costs you incurred for program-related materials.
If you do not qualify for either full-time or part-time studies, and you did not receive an artists’ project grant, you can reduce the amount you received by the $500 basic scholarship exemption. The exemption can only be taken if the scholarship amount received was equal to or greater than $500.
Where can I learn more?
- Line 130 – Scholarships, fellowships, bursaries, study grants, and artists’ project grants (awards) (CRA website)