Level 3

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FT Student T4A reporting. HELP

Forum|Forum|3 years ago
March 4, 2023
1 reply
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I have a FT University Student who have received a T4A from Govt. Please see photo below

When I did my AutoFill thru ProFile, It fill it as income, where its highlighted green. I then re-entered that amount in the "Eligible for full-time education amount" because the client is a FT Univ Student.

It is my understanding that if you are a full time student, you don't need to report it, correct? If you are a part time student or not a student at all that year, you are only exempted for the first $500....

ProFile (Canada)

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Best answer by Brendajoycer

Yes that is correct. Auto fill inserts it but does not know if they are full time or part time. We need to put it in the correct spot.

Level 4

The software will report zero on the tax return as long as you enter the T2202 properly showing the tuition and #of months of full time attendance

Vin19Author

Level 3

It actually didn't do that. I had to fix it up myself. The software still acknowledge it as an income and reported it in line 13010.

I adjusted and moved the amount to "Eligible for full-time education amount" because thats my understanding when I read this "https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-13000-other-income/line-13010-scholarships-fellowships-bursaries-artists-project-grants-awards.html"

Did I do it right?

Brendajoycer Answer

Level 4

Yes that is correct. Auto fill inserts it but does not know if they are full time or part time. We need to put it in the correct spot.