Common types of income for students
Most income you receive is taxable and you have to include it on your return. However, you do not have to include your GST/HST credit, Canada child benefit payments, or related provincial or territorial program payments, lottery winnings, or most gifts and inheritances.
The most common types of income you may receive as a student include:
- 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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