Chart to calculate the portion of the award that must be included in income

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Chart to calculate the portion of the award that must be included in income

P105(E) Rev. 15

If you received scholarships, fellowships, or bursaries in the taxation year in connection with your part time enrolment in an educational program, this chart will help you calculate the amount of scholarship, fellowship and bursary income to be included at line 130.

Chart to calculate the portion of the award that must be included in income

Calculation of scholarship exemption for the taxation year:

Scholarships, fellowships, and bursaries received by you in the taxation year for your enrolment in a program that entitles you to claim the part-time education amount in the taxation year, the immediately preceding taxation year, or the following taxation year.

 
 
1

Tuition fees and costs of program related material.

 
 
2

Enter the amount from line 1 or line 2, whichever is less.

 
3
 

Line 1 minus line 2 (if negative, enter "0").

 
 
4

Basic scholarship exemption.

 
$500.00
5

Enter the amount from line 4 or line 5, whichever is less.

 
6
 

Add lines 3 and 6. This is your total scholarship exemption.

 
 
7

Calculation of amounts to be included in income for the taxation year:

Total of all scholarships, fellowships, and bursaries received by you in the taxation year in connection with your part-time enrolment in an educational program.

 
 
8

Enter your scholarship exemption for the taxation year from line 7 above.

 
 
9

Line 8 minus line 9. This is the amount of scholarship, fellowship, and bursary income that you must include at line 130 of your return.

 
 
10
Date modified:
2016-03-08