Recently I signed up for Ontario works because my EI finished up. I am eligible for the living expenses and shelter money. The shelter money goes straight to my parents.
Question is obviously when I do my taxes I will be writing I paid 'X' amount per month for a total of 'B' amount for the taxation year. So in regards to my parents. They are wondering if they have to claim that as extra income and will that make things difficult for them since they are renewing their mortgage this year.
You will receive a T5007 slip for your Ontario Works income, which is what you will enter on your taxes. Your parents will not have to enter anything, unless they are charging you the same amount of rent that they would if they were renting to someone else for profit.