Definition of Income and Assets:
The following list identifies some common sources of income and types of assets, but is by no means a complete list. Households must report all sources of household income, payments received by the household and all assets.
Income:
- Employment income: WSIB, E.I., Tips, Commission, Gratuities, Strike pay
- Self-Employment Income: Babysitting, Craft Sales, etc.,
- Student Income: OSAP, Grants, Bursaries, Training Allowances
- Annuity Income: RRSP payments
- Disability Payments, Pension Income, Social Assistance
- Support Payments received
Assets:
- Bank Accounts
- Term Deposits, Bonds, Stocks, Shares, Mutual Funds, RRSP’s
- Life Insurance with cash surrender value
- Residential and non-residential property; Other interest in real estate
- Financial Holdings