Received scholarship after completing my coursesIf you received your scholarship or bursaries after completing all your courses, have you received a T4A slip with an amount in Box 105?
If you are a Quebec resident, have you also received an RL-1 slip with an amount in box O, and the code RB?
If you answer "Yes" to these questions, please follow the steps below:
1. In the "Left-side menu on the Interview tab", select the "Interview setup".
2. On the right-side page, go to the "Pension" group and check the box for ''Pension income, other income and split pension income, COVID-19 benefits (T4A, T4A(OAS), T4A(P), T4a-RCA, T4RSP, T4RIF, T1032)'', as well as the other groups required to complete your tax return, and click ''Next'' at the bottom of the page.
3. Return to the ''Left-side menu on the Interview tab'' and select ''Pension income, T4A'' and on the screen on the right, choose ''T4A - Pension, retirement, annuity, and other income (COVID-19 benefits)''.
4. On the page that appears, scroll down this page and choose the line "Footnotes relating to specific T-slip entries and Box 135 (RL-2, Box 235)''.
5. In the drop-down menu, choose "RL-1 (O code RB) - Scholarship, bursaries, prizes" and in the field to your right, enter the amount shown in Box 105 of the T4A.
The amount will not be carried over to the federal return.
However, for residents of Quebec, you must follow the procedure below regarding Box O of the RL-1, Box O:
1. Again, on the page "T4A - Pension, Retirement, Annuity and Other income", go to the line «Other Information (click on the triangle to see the list of choices)" in the center of the page.
2. Then, in the drop-down list, choose "(105) Scholarships, bursaries, fellowship" and in the box to the right, enter $0.00 for the federal and click on the icon of the "Maple Leaf/Fleur de Lys" to open a field for Quebec and enter the amount in Box O of the RL-1.
This amount will be carried over on line 154 of the Quebec return with code 01 at line 153.
The amount will also be carried over on line 275 of the Quebec return, establishing your "Net income".
Subsequently, the program will deduct the amount on line 295 of the Quebec return.
The amount on line 275 is important, considering that Quebec takes the family income into account for certain credits, especially those provided under Schedule B.
ID: 20210917090217DE.xml
Webpage: KPA355-20210917090217DE.htm