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March 5, 2022
Question

Box 105 of my 2021 tax return, regarding scholarships etc. Are provincial and federal student loans categorized as scholarships?

  • March 5, 2022
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    April 1, 2022

    No, they are not considered scholarships because they are considered debts to be paid when you graduate within a 4-12 months repayment period.

     

    For more information, please check out the TurboTax FAQ:How Student Loans Are Considered for Taxes

     

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