Common types of income for students
Most income you receive is taxable and you have to include it on your Income Tax and Benefit Return.
The most common types of income you may receive as a student include:
- employment income
- tips and occasional earnings
- investment income
- registered education savings plan payments
- scholarships, fellowships, bursaries, and study grants, including:
- apprenticeship grants
- research grants
- artists’ project grants
You do not have to include the following as income:
- your GST/HST credit, or related provincial or territorial program payments
- Canada child benefit payments, or related provincial or territorial program payments
- scholarships or bursaries eligible for the scholarship exemption
- lottery winnings
- most gifts and inheritances
The following section includes information on some of these types of income. For more information on these or other types of income, see the Federal Income Tax and Benefit Guide.
- Employment income
Employment income reported on a T4 slip issued by your employer.
- Employment income not reported on a T4 slip
Income such as tips, gratuities or occasional earnings.
- Scholarships, fellowships, bursaries, study grants and artists project grants (awards)
- Net research grants
Eligible deductions from your research grants.
- Interest and other investment income
Interest income from a financial institution and other investment income.
- Other kinds of income
Other kinds of income such as grants and registered education savings plans.
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