The Ontario government provides a dependent income tax exemption for OSAP recipients. For the 2024-2025 academic year, students with dependents may be eligible for an additional exemption.
This article explains how OSAP funding is treated for tax purposes in Ontario, including the dependent income tax exemption for the 2024-2025 academic year.
The University of Toronto's guide to applying for OSAP, including information on the dependent income tax exemption and how it affects your funding.
Use this tool to estimate your dependent income tax exemption for the 2024-2025 academic year based on your OSAP funding and dependent information.
TurboTax provides step-by-step instructions on how to claim the OSAP dependent income tax exemption on your tax return for the 2024-2025 academic year.
This video from the Ontario government explains how OSAP funding is treated for tax purposes, including the dependent income tax exemption for the 2024-2025 academic year.
The Government of Canada provides information on the dependent income tax exemption for OSAP recipients, including eligibility criteria and how to claim the exemption.
The Institute for Research on Public Policy (IRPP) has published a research report on the effectiveness of the OSAP dependent income tax exemption in supporting low-income students in Ontario.