×

Loading...

Parents' TFSA income will affect OSAP. If so, how to calculate TFSA income?

本文发表在 rolia.net 枫下论坛Foreign income and Canadian non-taxable income includes:
• income earned in a country other than Canada that has not been reported to the Canada
Revenue Agency (CRA) through line 104 (e.g. employment income, rental income or interests,
dividends and capital gains from investments)
• child support received
• foster parent payments
• income earned on a First Nations community in Canada
• lottery winnings totalling over $3,600
• gifts and inheritances totalling over $3,600
• life insurance compensation
• strike pay you received from your union
• interest, dividends or capital gains from tax-free savings accounts (TFSA) regardless of the
original source of the income
Despite being exempt from tax, these earnings are still considered income for the purposes of
determining eligibility for grants and loans through OSAP and must be included in the application. You
may be asked to verify these amounts.
Do not include:
- Canada Child Benefits
- Ontario Child Benefits
- GST/HST Rebates
- Ontario Trillium Benefit
- Assistance for Children with Severe Disabilities更多精彩文章及讨论,请光临枫下论坛 rolia.net
Report