Will the Nova Scotia Bursary affect my income tax?🔹 Do I have to pay tax on the Nova Scotia Bursary? 🔹 Will the bursary show up on my taxes?

The Nova Scotia Bursary is considered taxable income and may appear on a T4A slip if your total bursary and scholarship income exceeds $500 in a year. Whether you owe tax depends on your overall income.

It might — depending on your personal tax situation.

• The Nova Scotia University Student Bursary is considered bursary income.
• If your total bursary and scholarship income from the university is more than $500 in a year, it will be reported on a T4A tax form.
• Whether or not you have to pay tax on that amount depends on your overall income and tax circumstances.

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📘 Helpful Definitions

• Bursary Income: Money awarded to help with education costs that you don’t have to repay. It may be taxable depending on your total income.
• T4A Form: A tax slip issued by your university (or other payer) that reports scholarships, bursaries, and other income to the Canada Revenue Agency (CRA).

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🔗 Suggested Terms and Links

• Nova Scotia Student Bursary Information
• Student Accounts Email -  student.accounts@acadiau.ca

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📝 Special Notes

• You’ll usually receive your T4A form from your university in February for the previous tax year.
• If you’re unsure whether you need to report or pay tax on your bursary, consider speaking with a tax professional or using free student tax clinics offered during tax season.