Originally Posted by
superangrypenguin
I think it depends on if you get the $ or if it goes as a credit.
It's been close to a decade since I got my first and last scholarship for the U of Waterloo. They gave me a few grand if I chose that school. I never saw a dime of it, but it did reduce my tuition bill. It wasn't taxable in my case. (IIRC). I think if you get cash it's taxable? I dunno.
They used to be taxable (anything over $500 IIRC) until ~2007. Now, they're still reported on a T4A line 130, but as long as you're a full-time student they are not taxable. One of the best things Harper ever did as I started university the year the change took effect.
See:
http://www.cra-arc.gc.ca/tx/ndvdls/t...lrshp-eng.html
It also includes fellowships, which could include some summer jobs at a university if there were academic in nature (e.g. research assistantship).