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What is Income Verification?

April 26, 2017income verification

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What is Income Verification?

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All income reported on an OSAP application is verified with the Canada Customs and Revenue Agency. If there is a discrepancy between the income reported to OSAP and the income information received from the Canada Customs and Revenue Agency, your application will be reassessed using the Canada Customs and Revenue Agency information. As a result, your eligibility and the amount of assistance you are eligible to receive may change. If the ministry determines that there is a significant variance between the income information reported to OSAP and the income information received from Canada Customs and Revenue Agency, you will not be eligible for any further assistance from OSAP. In addition, your name will be placed on the Ontario Restricted List. The ministry will send you a letter requesting an explanation of the amount and source of your income. It will use this information to conduct a review to determine if you are eligible for further assistance. It is important to note that if there