jmatt1122 Posted April 23, 2015 Report Share Posted April 23, 2015 ...meet you guys at the BMW dealership? Link to comment Share on other sites More sharing options...
Arttomed Posted April 23, 2015 Report Share Posted April 23, 2015 WOW, that's awesome. Link to comment Share on other sites More sharing options...
Leon Posted April 23, 2015 Report Share Posted April 23, 2015 Wow what a massive change. Though I'm more impressed by summer income no longer counting against your eligible assistance. Link to comment Share on other sites More sharing options...
GrouchoMarx Posted April 23, 2015 Report Share Posted April 23, 2015 That's appropriate. They're more of a necessary liability than anything else. Link to comment Share on other sites More sharing options...
fightoffyourdemons Posted April 23, 2015 Report Share Posted April 23, 2015 Does this refer to part-time work only? http://www.cbc.ca/news/canada/toronto/ontario-budget-2015-fewer-restrictions-for-osap-eligible-students-1.3046369 is the only site I can find that states this. Wow what a massive change. Though I'm more impressed by summer income no longer counting against your eligible assistance. Link to comment Share on other sites More sharing options...
jj123 Posted April 23, 2015 Report Share Posted April 23, 2015 Good to know thank you! Link to comment Share on other sites More sharing options...
Egg_McMuffin Posted April 24, 2015 Report Share Posted April 24, 2015 Wow what a massive change. Though I'm more impressed by summer income no longer counting against your eligible assistance. really?? when did this happen? I was contemplating about not taking this job because I would make too much and OSAP would give me less unless these changes only apply to medical students Link to comment Share on other sites More sharing options...
rmorelan Posted April 24, 2015 Report Share Posted April 24, 2015 really?? when did this happen? I was contemplating about not taking this job because I would make too much and OSAP would give me less unless these changes only apply to medical students thought it was part time income - what ever that means. Finally the car thing was added - the idea that a car that you LEASE and have to pay for each month somehow could be counted as an asset was incredibly stupid. Less so the actual car you own. Link to comment Share on other sites More sharing options...
fightoffyourdemons Posted April 24, 2015 Report Share Posted April 24, 2015 So if you're working full-time in the summer to save money for school, it's still counted? Or is it only if your employer counts you as full-time? Because usually they hire you as a temp worker if you're just there for the summer... thought it was part time income - what ever that means. Finally the car thing was added - the idea that a car that you LEASE and have to pay for each month somehow could be counted as an asset was incredibly stupid. Less so the actual car you own. Link to comment Share on other sites More sharing options...
rmorelan Posted April 24, 2015 Report Share Posted April 24, 2015 So if you're working full-time in the summer to save money for school, it's still counted? Or is it only if your employer counts you as full-time? Because usually they hire you as a temp worker if you're just there for the summer... the province will no longer deduct the value of a student’s car from their loan, nor will it limit how much students can earn during the school year without triggering a loan reduction. that doesn't say anything about earning anything in the summer though, each following convention I suppose isn't in the school year. Link to comment Share on other sites More sharing options...
Egg_McMuffin Posted April 24, 2015 Report Share Posted April 24, 2015 ...better remember to funnel my savings elsewhere then.... Link to comment Share on other sites More sharing options...
rmorelan Posted April 24, 2015 Report Share Posted April 24, 2015 ...better remember to funnel my savings elsewhere then.... this adds a new wrinkle to the entire RESP (paid for with after tax income) vs paying for your children's education out of your corporation as employees (which is pretax). I am trying to find out how they define partime, and what that means as income per hour as well. Link to comment Share on other sites More sharing options...
cbarne01 Posted April 25, 2015 Report Share Posted April 25, 2015 Is there a good site anywhere that actually explains how osap works? I'm trying to juggle full time work, savings/rrsp/tfsa... Does anyone know how often they audit or ask for receipts? How do I deal with a free room in a relative's house? Link to comment Share on other sites More sharing options...
rmorelan Posted April 25, 2015 Report Share Posted April 25, 2015 Is there a good site anywhere that actually explains how osap works? I'm trying to juggle full time work, savings/rrsp/tfsa... Does anyone know how often they audit or ask for receipts? How do I deal with a free room in a relative's house? Well the osap site itself and its calculator are the best way to,start The check for sure with to you tax returns - that is easy to confirm. They actually don't have particularly good ways to track things otherwise. Free room? Doesn't impact the amount other than the fact you are not on a campus residency. Link to comment Share on other sites More sharing options...
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