I’m looking for some guidance on the money received by a student and the reporting on the T1.
The individual received $13,000 for fellowship and $21,953 as a stipend. The individual is studying PhD degree (not in medicine). These amounts were reported on a T4A slip in box 105.
How should these amounts be reported on the T1? I do not believe 100% of the amounts received should be tax-exempt.
Thanks in advance for your guidance.
What type of organization issued the T4A?
The University of Toronto.
Scholarships are special.
Income Tax Folio S1-F2-C3, Scholarships, Research Grants and Other Education Assistance
For post doctoral fellows refer to this.
There as special rules for those who are temporarily outside of Canada.
With additional questions, call CRA Personal Enquiries, and ask to be connected to a specialist in Student Stipends, Fellowships, and Grants.
Please note that sometimes certain expenses are claimable.