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T4A Slip received by student. What is it?

Personal Finance & Money Asked by pingOfDoom on May 28, 2021

I’m in my first year of university and received a T4A Slip from the Government of Canada in the amount of $1000. Doing some digging I found it relates to Pensions and such but am now even more confused as to why I got it.

Any ideas as to why I received it or what exactly it is?

One Answer

T4A is "Statement of Pension, Retirement, Annuity, and Other Income"

Other Income includes scholarship and certain grant.

If the amount is exactly $890 and the payer is Ministry of Training, Colleges and Universities, it is 30% Off Ontario Tuition Grant.

If the amount is exactly $1000 and the payer is Canada Student Loans Program, it is Canada Student Grant for Persons from Low-Income Families.

if the payer is University of X, it is scholarship received between Sep 2014 and Dec 2014.

Correct answer by base64 on May 28, 2021

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