Students

Paying taxes on grad's research grant/scholarship?

  • Last Updated:
  • Oct 18th, 2017 1:43 am
[OP]
Deal Addict
Jan 21, 2014
2738 posts
728 upvotes

Paying taxes on grad's research grant/scholarship?

Any grad student out there, if you receive a research scholarship, will it be allocated with your PI and paid out as monthly income hence subjected to taxes or you receive the money directly as a whole and no taxes to pay at year end?
4 replies
Penalty Box
User avatar
Jul 17, 2008
8201 posts
1678 upvotes
I had to pay taxes on it as it's considered income. I believe only the first 500$ is not taxable.
Member
Aug 26, 2011
253 posts
71 upvotes
Depends if the entirety of the award is added on top of your stipend. Usually it is not and is supplemented and you get the same stipend, but your PI is paying less. Most of the time you only receive a top-up of 1-4K. That's not enough income to be taxed at all.
Koodo 6GB/40$ :twisted:
Newbie
Sep 10, 2017
2 posts
1 upvote
If you are enrolled as a full time student then scholarship income is not taxable "up to the total amount required to support you in the program". On your tax return it's line 130 for reporting scholarship income, and details can be found about the Scholarship Exemption on the CRA website.
Deal Addict
Dec 6, 2006
3971 posts
800 upvotes
Toronto
Yeah scholarship should be no tax for full-time students.

Also, regardless of scholarship or any type of income, it does NOT matter whether you receive it monthly, bi-weekly or as a lump sump. A taxable (or non-taxable) income will always remain same taxable (or non-taxable) no matter how many or little chunks you receive it as. CRA only looks at your annual income in total.

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