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 tax 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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