When a student files a tax return, the following are reported as “other income”:
- Scholarship, bursary, or fellowship payments;
- the value of a tuition waiver for dependent children and/or a spouse of a U of T employee; or
- University subsidy of interest on a University-arranged loan program.
Students access their Statement of Pension, Retirement, Annuity, and Other Income (T4A) via Acorn/ROSI.
Tuition fees are a tax credit when the students files a tax return. Students are also eligible to claim education and textbook credits. Unused credits may be transferred to a supporting parent. Students access their Tuition and Education Amount Certificates (T2202A) via Acorn/ROSI.