Please note that the University cannot provide tax advice. Whether you are able to take advantage of the following tax slips depends upon your individual circumstances. To find out more about the credits and your eligibility, you should consult a tax professional and/or the appropriate Canada Revenue Agency publications.
2012 Scholarship Tax Slips (T4A’s and Relevé 1) are available on Minerva.
T4A’s are issued for scholarships and awards and for exemptions from tuition related to staff dependent bursaries. Students are advised to consult this Canada Revenue Agency page for more information, and to find out who is required to report this amount as income.
Federal Income Tax Treatment:
- Students who receive full-time months on the T2202A qualify for the full-time education amount credit and therefore are exempt from income tax on scholarship/bursary/awards revenue.
- Students who receive part-time months on the T2202A qualify for the part-time education amount credit and will be limited to claiming the tuition fees and costs incurred for program related materials plus the basic amount of $500.
- Students who are not eligible for the part-time or full-time education amount credit may claim only the $500 basic amount.
Quebec Income Tax Treatment:
- Students who receive a Relevé 1 slip for scholarship/bursary/awards income are obliged to report it as both income (line 154) and as a deduction (line 295).
2012 Tax Slips (T2202A, Relevé 8, and Quebec Tuition receipt) are available on Minerva.
Under the Student Accounts Menu in Minerva is a menu entitled Student Tax Slips, where students may select the taxation year they wish to view. Tax information is available for a number of years, starting with 2002. Students are able to access printable versions of these government approved forms should paper forms be required.
A receipt that displays the total amount charged for insurance premiums for medical and dental health coverage, as well as international student health insurance, is now displayed under the Medical Insurance Receipts option under the Student Tax Slips menu, which can be found under the Student Accounts menu on Minerva. In the event that the student has opted out of any of the options, the opt-out amount is also displayed. The net amount eligible can be included as part of your medical expenses on your income tax return.
To properly view and print your T2202A you should login to Minerva directly, rather than entering via the myMcGill portal. Information on checking for, and adjusting, page headers/footers and margins can be found in the Help text on Minerva under the Tuition Fee Receipts menu (see “Printing the T2202A”).
In the event that a student cannot access Minerva, or experiences difficulty when downloading or printing from Minerva, a paper tax receipt will be provided by the Student Accounts Office upon request.
From the end of February until May 31 the tax information is recalculated bi-weekly. This occurs the second and fourth Wednesday of the month, and ensures an up-to-date record of eligible tax receipt amounts. From June to January the tax information is recalculated at a min of 1 per month.
Tuition tax receipt information for previous tax years will be updated periodically. If you believe there should be a change to this or any other previous tax receipt records, please email your inquiry to student [dot] accounts [at] mcgill [dot] ca (Student Accounts).
The eligible amount is a deduction for provincial tax purposes and a tax credit according to federal tax regulations. Income Tax receipts will not be issued for unpaid balances still owing to the University.
Please note that a social insurance number is required to be transmitted to the Quebec government in its tax reporting for both the T4A and the RL-8 slip. It is therefore highly recommended that you provide this information via the Tax Slips menu on Minerva if you expect to be completing a Quebec income tax return. This way the University will be able to include this information on your RL-8 slip.
For US students: McGill's IRS Number is 98-6001153. You and/or your parents will require this information in order to complete your US income tax returns.