Nobodycirclesthewagons Posted June 7, 2010 Report Share Posted June 7, 2010 If I were you, I'd put down the last option. It's not true that you've lived in Ontario all of your life, but it is true that you currently reside in Ontario and none of the other options apply to you. Link to comment Share on other sites More sharing options...
Guest viscous Posted June 7, 2010 Report Share Posted June 7, 2010 Hey guys,For those of you applying for OSAP and who were not born in Canada, what did you respond to this question: Quote: Residency Information Check one of the following statements that best describes your current residency situation: I'm conflicted on whether to choose the first or last option. Technically, the first one isn't true since I wasn't born in Canada. But I've never lived in any province other than Ontario and I feel like that is what its asking. What did you guys put down? Ive been choosing "I have always resided in Ontario" for the last 5 years. I also was not born in Canada. But OSAP never raised an issue with this. HMM. I chose that option because I really have always resided in Ontario "since I came to Canada." I dont know, I might be wrong but OSAP never told me that I have provided them "wrong info." "I now reside in Ontario" seems to mean that I just moved into Ontario "from another province." That was my reasoning for not choosing that option. But do whatever you are comfortable with. Link to comment Share on other sites More sharing options...
rollester Posted June 7, 2010 Report Share Posted June 7, 2010 Ive been choosing "I have always resided in Ontario" for the last 5 years. I also was not born in Canada. But OSAP never raised an issue with this. HMM. I chose that option because I really have always resided in Ontario "since I came to Canada." I dont know, I might be wrong but OSAP never told me that I have provided them "wrong info." "I now reside in Ontario" seems to mean that I just moved into Ontario "from another province." That was my reasoning for not choosing that option. But do whatever you are comfortable with. Ditto. I've been doing the exact same: always resided in Ontario (within Canada) Link to comment Share on other sites More sharing options...
Laika Posted June 7, 2010 Report Share Posted June 7, 2010 Ok I feel really silly about this, but I lost my copy of the Canadian income tax return form (and my accountant doesn't have a copy either), so I'm not sure exactly what my line 150 is to fill out my OSAP. Otherwise I'm not sure what to do.... I don't have my paystubs/t4/tax return forms (I must have lost it somewhere when I moved out) Contact Canada Revenue Agency, and ask them. They should be able to tell you. Alternatively, just wait for your notice of assessment (I think it includes the amt from line 150). Or, contact your employer, and just ask for another copy of your T4s. Link to comment Share on other sites More sharing options...
rmorelan Posted June 7, 2010 Report Share Posted June 7, 2010 Contact Canada Revenue Agency, and ask them. They should be able to tell you. Alternatively, just wait for your notice of assessment (I think it includes the amt from line 150). Or, contact your employer, and just ask for another copy of your T4s. While you are asking C.R. try to set it up so you can access their online system. Once you have that you can do a lot of thing online, including looking at all your previous returns. Doesn't take long to do Link to comment Share on other sites More sharing options...
mystery_chick Posted June 9, 2010 Report Share Posted June 9, 2010 holy .... My estimate was only $12k ... my parents dont make a lot, i made 0 in last year and put 0 for this year ... why did OSAP steal from me? I have no car either .... sorry for two posts in a row. um... mine is only $10k. WTF? Link to comment Share on other sites More sharing options...
ChicoMaki Posted June 9, 2010 Report Share Posted June 9, 2010 my estimate was just under 10K. and this was after blowing most of my savings on my undergrad degree... why osap why Link to comment Share on other sites More sharing options...
Charms Posted June 9, 2010 Report Share Posted June 9, 2010 My estimate is just over 5K. Stupid me for saving and investing... Link to comment Share on other sites More sharing options...
rmorelan Posted June 9, 2010 Report Share Posted June 9, 2010 ahhh ok, what is going on here? Med students usually get the full amount unless something very odd is going on (?) I very likely have more savings than most people and still get the full OSAP amount. If you are getting something less I would book an appointment with the financial aid office to go over things. If you have so much savings that for some reason you are over consider dumping the money into an RRSP or perhaps buy property in the city your school is in. Both are protected locations that don't count either at all or as much. Before you apply know the rules and properly manage your assets and make sure you don't have your parents income being used at all - everyone now is past that. Link to comment Share on other sites More sharing options...
rollester Posted June 9, 2010 Report Share Posted June 9, 2010 um... mine is only $10k. WTF? Same. And that is surprising because I've always gotten a lot of osap for undergrad too... Edit: I think the osap estimator has lost it's mind, so I'll probably just wait till my osap is processed and hopefully I'll get the full amount then Link to comment Share on other sites More sharing options...
mystery_chick Posted June 10, 2010 Report Share Posted June 10, 2010 ahhh ok, what is going on here? Med students usually get the full amount unless something very odd is going on (?) I very likely have more savings than most people and still get the full OSAP amount. If you are getting something less I would book an appointment with the financial aid office to go over things. If you have so much savings that for some reason you are over consider dumping the money into an RRSP or perhaps buy property in the city your school is in. Both are protected locations that don't count either at all or as much. Before you apply know the rules and properly manage your assets and make sure you don't have your parents income being used at all - everyone now is past that. I don't actually have any savings (3K). I clicked the "4 years out of high school option" I don't have a car or any other kind of funds/savings. I just hope the actual amount comes out to be more... I really don't want to pull out a whole lot from the LOC even though the limit is more than I'll need. Link to comment Share on other sites More sharing options...
rollester Posted June 10, 2010 Report Share Posted June 10, 2010 well osap has put my app on hold, not sure why .... Do you mean this? Your application is currently on hold and cannot be processed any further. Your school is in the process of providing OSAP with information on their programs and tuition, fee and book costs. This information is needed before OSAP can calculate your funding. Please check back later. Most schools will have provided the ministry with their program and cost information by mid June. Please check back later. You may wish to contact your school for further details. That's what my osap 'check status' thing says. I guess we wait till mid-June... Link to comment Share on other sites More sharing options...
Guest viscous Posted June 10, 2010 Report Share Posted June 10, 2010 Do you mean this? Your application is currently on hold and cannot be processed any further. Your school is in the process of providing OSAP with information on their programs and tuition, fee and book costs. This information is needed before OSAP can calculate your funding. Please check back later. Most schools will have provided the ministry with their program and cost information by mid June. Please check back later. You may wish to contact your school for further details. That's what my osap 'check status' thing says. I guess we wait till mid-June... yup, thats what mine says as well. Link to comment Share on other sites More sharing options...
sunshine Posted June 10, 2010 Report Share Posted June 10, 2010 If my parents gave me $300/month for my masters degree but are not giving me any money for med school, how do I declare this to OSAP? Or do I need to declare it at all? I was going to put it under income from Jan 2010 - June 2010 but money from my parents is not really taxable income. Also, my estimate was for 16,200, is this the most you can get as a medical student? Link to comment Share on other sites More sharing options...
rmorelan Posted June 10, 2010 Report Share Posted June 10, 2010 If my parents gave me $300/month for my masters degree but are not giving me any money for med school, how do I declare this to OSAP? Or do I need to declare it at all? I was going to put it under income from Jan 2010 - June 2010 but money from my parents is not really taxable income. Also, my estimate was for 16,200, is this the most you can get as a medical student? No! That is NOT income so don't report it. Think of income as the sort of stuff you have to pay income taxes on, which would not from your parents gifts (as they already pay income tax on it). Really those are gifts and must be considered as that. Your estimate sounds pretty close to the max which is good! I will only have to pay about 7000 of that back Link to comment Share on other sites More sharing options...
rmorelan Posted June 10, 2010 Report Share Posted June 10, 2010 I don't actually have any savings (3K). I clicked the "4 years out of high school option" I don't have a car or any other kind of funds/savings. I just hope the actual amount comes out to be more... I really don't want to pull out a whole lot from the LOC even though the limit is more than I'll need. Yeah seriously look into that with an academic advisor at your target school - something feels wrong about things as it is really way too low. Link to comment Share on other sites More sharing options...
neve6 Posted June 11, 2010 Report Share Posted June 11, 2010 ESTIMATED OSAP FUNDING :: For 2010 - 2011 Academic year Estimated Provincial Student Loans $ 4,460 Estimated Federal Student Loans $ 7,980 Estimated Provincial In-Year Grants $ Estimated Federal In-Year Grants $ 4,209 TOTAL ESTIMATED OSAP FUNDING $ 16,649 This is the max I could get if I put everything as 0 ( assests, income etc.) Based on Ontario Student Opportunity Grant (OSOG) would that mean ~ 4,000 of the loan would not need to be paided back (ie: the provicincial portion)? Link to comment Share on other sites More sharing options...
HBP Posted June 11, 2010 Report Share Posted June 11, 2010 If you put you live with your parents during the schooll year, you'll get less funding. If you put you will live at home during the pre-study period (May->Aug), you'll also receive less funding. Link to comment Share on other sites More sharing options...
rmorelan Posted June 11, 2010 Report Share Posted June 11, 2010 ESTIMATED OSAP FUNDING :: For 2010 - 2011 Academic year Estimated Provincial Student Loans $ 4,460 Estimated Federal Student Loans $ 7,980 Estimated Provincial In-Year Grants $ Estimated Federal In-Year Grants $ 4,209 TOTAL ESTIMATED OSAP FUNDING $ 16,649 This is the max I could get if I put everything as 0 ( assests, income etc.) Based on Ontario Student Opportunity Grant (OSOG) would that mean ~ 4,000 of the loan would not need to be paided back (ie: the provicincial portion)? my understanding is you will have to pay back less than that even Link to comment Share on other sites More sharing options...
MedHopeful2014 Posted June 11, 2010 Report Share Posted June 11, 2010 do you have to submit your application before you can see the estimated loan amount you will get? Link to comment Share on other sites More sharing options...
rmorelan Posted June 11, 2010 Report Share Posted June 11, 2010 do you have to submit your application before you can see the estimated loan amount you will get? there is an estimator program that can be used. https://osap.gov.on.ca/OSAPPortal/en/Tools/index.htm Link to comment Share on other sites More sharing options...
Guest viscous Posted June 13, 2010 Report Share Posted June 13, 2010 If you put you live with your parents during the schooll year, you'll get less funding. If you put you will live at home during the pre-study period (May->Aug), you'll also receive less funding. that explains why I got screwed. I put in my app that Ill be living with parents in pre-study period .... Link to comment Share on other sites More sharing options...
mystery_chick Posted June 14, 2010 Report Share Posted June 14, 2010 that explains why I got screwed. I put in my app that Ill be living with parents in pre-study period .... Same, but I didn't realize I'd get screwed so hard! Things that I get for NOT lying Link to comment Share on other sites More sharing options...
mattg Posted June 14, 2010 Report Share Posted June 14, 2010 ok thanks, i got it... a few questions about the 'financial info' section: 1) where it says to enter your gross income for the 2009 year... i made 6k from an nserc scholarship, and i believe 2k in mcmaster scholarships... but it says "If you filed a 2009 Canadian Income Tax Return use the amount from line 150"... my line '150 total income' 2009 says $0.... so do i put my total income was 0, even though it wasn't? did anyone else come across this? 2) for income during 2010, i am again doing research this summer under another scholarship (sunnybrook)... assuming the reason total income for 2009 was 0 was because it was via schoalrship, do i put $0 expected for 2010, even though i will be getting 4k? 3) where they ask you to estimate your income for the 2010-11 study period, how are you supposed to know if you are going to receive any scholarships/bursaries/awards? do you just put $0 for now? 4) i assume a bank loan is not a source of income? sorry for all of the questions, but i never thought i would qualify for osap (didn't know i was independent now lol)... and apparently today is the deadline... any answers would be greatly appreciated! thanks Link to comment Share on other sites More sharing options...
mattg Posted June 14, 2010 Report Share Posted June 14, 2010 If you put you live with your parents during the schooll year, you'll get less funding. If you put you will live at home during the pre-study period (May->Aug), you'll also receive less funding. if you say no (lie), do they verify? do many people lie here lol? Link to comment Share on other sites More sharing options...
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