Assets that Do Not Affect ODSP Entitlement
By: Winnie Luk
The following are some payments that may be made by the trustee on behalf of the beneficiary without affecting his or her entitlement to Ontario Disability Support Program (ODSP):
- Principal residence
- Secondary property approved for health/wellbeing
- Primary car
- Second car up to $15,000 for loved one’s dependent, if dependent needs it for work
- Approved disability-related items/services
- Compensation from pain and suffering ($100,000)
- Business assets ($20,000) + tools of trade
- Loans for approved business, education, training
- Prepaid funeral
- Payments of up to $5000 per year on loved one on ‘comforts’ (radio, TV, clothing, extra food, recreation, entertainment, extra rent)
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Disclaimer: This article does not contain legal advice and only provides general information. It is not intended to replace advice from a qualified legal professional and should not be relied upon to make decisions. In all cases, contact your legal professional for advice on any matter referenced in this article before making decisions. Use of this article does not establish a lawyer-client relationship.
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