Part time student with a scholarship
Part-time student with a scholarship
Pre-test question
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The scholarship exemption for part-time students is equal to the tuition paid, plus the costs of program-related materials, plus the $500 basic scholarship exemption.
That is correct
The scholarship exemption for part-time students is equal to the tuition paid, plus the costs of program-related materials, plus the $500 basic scholarship exemption.
Instructions
- Open the tax software
- Review the Background information and Required slips (tax slips, receipts, etc.)
- Provide all required information for the appropriate sections of the tax software
- Once completed, compare your results with the solution provided
- Afterwards, refer to the Takeaway points
Background information
Situation
Antoine is working full time, and pursuing a part-time degree at the University of Canada which granted him a scholarship. Antoine received a T2202 from the school. He does not wish to transfer his tuition fees.
Antoine’s 2022 notice of assessment (NOA) indicates that his Canada training credit limit (CTCL) for 2023 is $250 and he wants to claim this amount. He does not have any unused tuition amounts from prior years. He also wishes to claim $300 for program-related materials he paid for during his studies.
Identification information
Name | Antoine Grey |
---|---|
Social insurance number (SIN) | 000 000 000 |
Address | 123 Main Street City, Province X0X 0X0 |
Date of birth | August 17, 1980 |
Marital status | Single |
Slips required
T4 – Statement of Remuneration Paid (Foodock Co.)
Text version of the above image
T4 – Statement of Remuneration Paid
Protected B
Employer's name: Foodock Co.
Employee's name and address:
Last name: Grey
First name: Antoine
123 Main Street
City, Province X0X 0X0
Box 12: Social insurance number: 000 000 000
Box 14: Employment income: 38,056.37
Box 16: Employee's CPP contributions – see over: 503.11
Box 18: Employee's EI premiums: 178.68
Box 22: Income tax deducted: 4,836.12
Box 24: EI insurable earnings: 38,056.37
Box 26: CPP/QPP pensionable earnings: 38,056.37
T4A – Statement of Pension, Retirement, Annuity, and Other Income (University of Canada)
Text version of the above image
T4A – Statement of Pension, Retirement, Annuity, and Other Income
Protected B
Payer's name: University of Canada
Recipient's name and address:
Last name: Grey
First name: Antoine
123 Main Street
City, Province X0X 0X0
Box 012: Social insurance number: 000 000 000
Box 105: 3,000.00
T2202 - Tuition and Enrolment Certificate (University of Canada)
Text version of the above image
Tuition and Enrolment Certificate - For student (slip 2)
Protected B
Name and address of designated educational institution:
University of Canada
1000 College Drive
City, Province X0X 0X0
Box 13: Name of program or course: University Program
Student Name: Antoine Grey
Student address:
123 Main Street
City, Province X0X 0X0
Box 14: Student number: 123456789
Box 17: Social insurance number (SIN): 000000000
Session periods
Session 1
Box 19: From YY/MM: XX/09
Box 20: To YY/MM : XX/12
Box 21: Number of months part-time: 4
Box 23: Eligible tuition fees, part-time and full-time: $1,500.00
Session 2
Box 19: From YY/MM: XX/01
Box 20: To YY/MM : XX/04
Box 21: Number of months part-time: 4
Box 23: Eligible tuition fees, part-time and full-time: $1,500.00
Totals
Box 24: 8
Box 26: $3,000.00
Review your results
Solution to Part-time student with a scholarship.
Takeaway points
Steps to follow
- Review their background information and required slips
- In Interview setup, tick the boxes next to:
- Employment income and employment insurance benefits (T4, T4E/RL-6) in the Employment and other benefits section
- Pension income, other income and split pension income, COVID-19 benefits (T4A, T4FHSA, T4A(OAS), T4A(P), T4A-RCA, T4RSP, T4RIF, T1032) in the Pension and other income section
- Tuition, education, textbooks, student loans, and Canada training credit in the Student section
- Click T4 and employment income in the left side menu and click the + sign next to T4 income (earned in any province except Quebec) to enter the information from Antoine’s T4 slip
- Click T4A, T4FHSA and pension income in the left side menu, then click the + sign next to T4A – Pension, retirement, annuity, and other income (COVID-19 benefits) and select [105] Scholarships, bursaries, fellowship from the OTHER INFORMATION (COVID-19 benefits) drop-down menu to enter the amount from Antoine’s T4A slip in the field next to it
- Click Tuition, education, student loans in the left-side menu and click the + sign next to T2202 Tuition and enrolment certificate* (TL11A/TL11C/TL11D) (line 32300)
- Under the Current year tuition amount heading, enter the amounts from Antoine’s T2202, Tuition and Enrolment certificate
- Click Tuition, education, student loans in the left-side menu and click the + sign next to Part-time program details if you received scholarship, fellowship, and bursary income to be included at line 13010
- Calculate the total amount paid for tuition found on the T2202 plus the cost of materials and enter it in the Tuition fees and costs of part-time education program-related material paid for current year field
- Click Tuition, education, student loans in the left-side menu, then click the + sign next to Canada training credit (CTC) and enter the CTCL amount from Antoine’s 2022 NOA into the Canada training credit limit (CTCL) for 2023 field
- Select Yes from the Do you want to claim the Canada training credit in the current year? drop-down menu
- Leave the Enter the Canada training credit you are claiming field blank
Since Antoine is a part-time student, his scholarship exemption is equal to the tuition fees he paid ($3,000), plus the costs of program-related materials ($300), plus the $500 basic scholarship exemption, for a total of $3,800. No amount is reported on line 13010 because the total amount is greater than the $3,000 scholarship he received. The amount of tuition fees that Antoine may claim on line 32300 is reduced by the $250 CTC amount he is claiming, which is reported on line 45350 of his tax return.
For more information, refer to UFile instructions.
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