OD24 Posted July 25, 2012 Report Share Posted July 25, 2012 I'm looking to start my investment portfolio soon, but I don't know how it's going to affect my osap. The way I see it, everything I get above 7300 from the govt is free money, and I want to maximize this. But having to report that I have an investment account in addition to my regular banking account on the application's 'assets box', does this reduce the osap amount I am assigned? (fyi, specifically I am thinking of mutuals or stocks in a tfsa, not rrsp) The whole point of starting right now is having more time for my interest to grow and compound, but if my osap amount is reduced much more than the yearly gains I make from my investments, it would be counterproductive. If anyone has experience with this, I would appreciate your insights Link to comment Share on other sites More sharing options...
future_doc Posted July 25, 2012 Report Share Posted July 25, 2012 Don't really know but imagine tfsa will reduce your entitlement. I am in Quebec and have no assets, only debt, not even summer employment as this would be deducted. Link to comment Share on other sites More sharing options...
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