As per our TurboTax article A Comprehensive Guide to Handling OSAP Loans and Taxes OSAP loans aren’t considered income for tax purposes; you don’t have to claim them on your taxes while you’re in school. However, once you finish school and start paying off your loans, you can claim the interest you pay as a tax credit.
Thank you for choosing TurboTax.
Okay but I want to file for the wsib that’s y I don’t want to involve my osap on it will the CRA deny it?
Are you speaking of the Workplace Safety and Insurance Board (WSIB) or the Canada Workers Benefit (CWB)?
If you are speaking of the CWB please note as per our TurboTax article How to Apply for the Canada Workers Benefit You’re not eligible if you are a full-time student at a designated educational institution (unless you have an eligible dependant) or an officer or servant of another country (a diplomat, for example), or if you’re a family member or employee of that person.
Thank you for choosing TurboTax.
michelle9752
New Member
carlosmg9
New Member
canadanpk2020
New Member
hell21
New Member
PT489157
Returning Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.