I have a FT University Student who have received a T4A from Govt. Please see photo below
When I did my AutoFill thru ProFile, It fill it as income, where its highlighted green. I then re-entered that amount in the "Eligible for full-time education amount" because the client is a FT Univ Student.
It is my understanding that if you are a full time student, you don't need to report it, correct? If you are a part time student or not a student at all that year, you are only exempted for the first $500....
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It actually didn't do that. I had to fix it up myself. The software still acknowledge it as an income and reported it in line 13010.
I adjusted and moved the amount to "Eligible for full-time education amount" because thats my understanding when I read this "https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...
Did I do it right?
