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Tax Implications of Receiving Financial Aid

The total financial aid awarded in a calendar year will be reported on the T4A and Relevé 1 information slips issued in the student’s name. Parents must provide their son’s Social Insurance Number (SIN).

Federally, bursaries are tax exempt; provincially, they remain a taxable source of income but are eligible for a full deduction. Therefore, this income will have no impact on the student's tax returns.

This summary is of a general nature only and is not intended to be legal or tax advice. Accordingly, parents should consult their personal tax advisors with regard to their particular circumstances.

Revenu Quebec: Deduction for Scholarships, Bursaries or Similar Financial Assistance

Our Generous Financial Aid Program

How the Application Process Works

Maintaining Confidentiality

Important Factors to Consider

Deadlines for Applying

How to Proceed with the Financial Aid Application

Tax Implications of Receiving Financial Aid

Contact Information