Student must set aside funds to cover income tax obligations payable in the following year. There are no CPP or EI deductions from income. Scholarship income is not employment income. Income does not count toward RRSP eligibility. Source deductions from income are made for income tax.
Student immediately loses use of the funds deducted.
CPP and EI deductions are made from income. There is no difference in eligibility for coverage under either the B.C. Medical Services Plan or Worker's Compensation. Sample letters are available in departmental offices and the Office of Research Services.