Posted by michelle mckillop on Thursday, August 29, 2013,
In :
Tax Blog
Tax Matters for Students:
Post-Secondary Scholarships, bursary and fellowship income is fully exempt from tax when received in connection with a program for which the student will get an education amount tax credit (any accredited Canadian college or university).
Where the scholarship or bursary is not from an accredited institution, the first $500 is exempt.
Tuition Fees are fully deductible if they total more than $100 and are paid to a post-secondary educational institution in Canada (*some i...
