Skip to main content
March 23, 2025
Question

my child received payment from a competition as education pay, they sent a T4A - do I claim this

  • March 23, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    TurboTaxAniqua
    March 23, 2025

    As a payer, you must report the fair market value of the educational assistance paid on a T4A slip in the name of the family member. If the family member meets certain criteria, they may not have to include the amount in income on their income tax and benefit return.

    For more information, refer to CRA article: Educational assistance

     

    Thank you for choosing TurboTax.