What is it?
A Student Salary is one paid to a graduate student where an employee/ employer relationship exists and a quantifiable amount of work has been performed.
Why is it important?
Salary payments are for work performed and whether hourly, recurring, or lump sum are subject to mandatory source deductions and will include 4% vacation pay. Students receiving this type of income will receive a T4 denoting the total amount of employment earnings paid during the calendar year.