Hi!

I have an OSAP repayment question. If I am an adult student whose parent(s) are helping to pay a large part of my OSAP loan balance, does that have a tax implication/need to be reported by my parents (or me)? I live separately from them (different city) and am not a dependent for tax purposes. It's essentially a substantial gift from them and I want to make sure it doesn't create any burden for them. This is Ontario in case it's relevant.

Thank you!