Scholarships and Bursaries
Scholarship and bursary income for elementary and secondary schooling is not taxable. Scholarships for full-time post-secondary students who have tuition fees paid in the same year are also non-taxable, where the courses lead to a diploma or degree.
Part-time students may exempt scholarships up to the extent of the tuition fees and materials costs. Above that, the amounts received will be taxable.
Research grants are taxable, and expense receipts should be kept as they may be deducted against the value of the grant received. It is important to separate expenses the grant covered from other business expenses.
Examination and Licensing Fees
Exam and licensing fees paid by students to obtain professional standing or certification as may be required to operate a professional practice or trade are, since 2011, included with the tuition fees and claimable as part of the Tuition Tax Credit.