Homestay Student Income at Homestay

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Homestay Student Income. Of course, one is only taxed in canada on the net of their income, so any expenses associated with these 'homestay' students are deductible against income. Homestays provide a truly affordable and safe way to stay, when learning a new language, studying abroad on erasmus or doing an internship.

from Hosting Foreign Exchange Students
from Hosting Foreign Exchange Students from blog.studentroomstay.com

The amounts paid to the taxpayer to board the homestay student are used to pay all of the household expenses of the student (food, electricity, phone, internet etc). We welcome new and experienced homestay host families in portland and oregon to host foreign exchange and international students. Homestay single with 2 meals/day.

from Hosting Foreign Exchange Students

On the taxation of income from homestay, there is an tax office interpretative decision that says income from student homestay is not taxable provided only one or two students are hosted at a time. There may be a negligible amount of surplus money after expenses in any particular week. A student will pay for their own insurance, an all personal items and school costs. For every dollar of income you receive over this threshold, your age pension will be reduced by 50 cents.