Finance addresses policy re sourcing of student moving expenses

A Finance official was content with the current tax policy of allowing students to deduct eligible moving expenses from scholarship and research grant income (and from employment income if “a full-time student … also moves to take up an employment”) but not from educational assistance payments received out of a registered education savings plan, noting inter alia that “an individual’s scholarships and research grants are more closely tied to a relocation site than income from [an RESP].”

Neal Armstrong. Summary of 2018 APFF Financial Strategies and Instruments Roundtable, Q.9 under s. 62(1)(c)(ii).