DocumentsAffidavit of Student Non-Taxable and/or Foreign Income Verification | Free Template
Affidavit of Student Non-Taxable and/or Foreign Income Verification | Free Template
Do you need to draft an OSAP Affidavit of Student Non-Taxable and/or Foreign Income Verification? Use our free template to draft your OSAP Affidavit today!
If you’re a student who requires financial assistance from the Ontario Student Assistance Program (OSAP), you may need to complete an OSAP Affidavit. A student would submit this OSAP Affidavit if they couldn’t provide official documentation to verify non-taxable or foreign income earned.
To make drafting and notarizing your OSAP Affidavit as easy and convenient as possible, NotaryPro offers a free OSAP Affidavit of Student Non-Taxable and/or Foreign Income Verification template. You can have it notarized online, and meet with a notary virtually to complete the process in under 7 minutes.
OSAP Affidavit of Student Non-Taxable and/or Foreign Income Verification
What is an OSAP Affidavit?
An OSAP Affidavit is a sworn document that must be signed before an authorized official, like a notary public, commissioner of oaths, or lawyer. It contains a written statement of facts provided by the person making the Affidavit (called the deponent or affiant). An Affidavit must be notarized, meaning the affiant affirms that the contents of their Affidavit are true before the authorized official.
If you lack the documents required to prove certain personal facts, OSAP may ask you to submit an Affidavit with your application. An OSAP Affidavit enables you to complete the OSAP application process and secure financial assistance for your studies.
Once your Affidavit is notarized, it has the same effect as swearing to tell the truth under oath in court. Therefore, your OSAP Affidavit must be completed accurately and truthfully. In Canada, intentionally affirming false information in your Affidavit is considered perjury. According to Canada’s Criminal Code, perjury is an indictable offence and can result in significant consequences.
Does My OSAP Affidavit Need to be Notarized?
In Canada, all Affidavits (including your OSAP Affidavit) must be notarized to be considered valid. Your OSAP Affidavit needs to be notarized by a notary public, lawyer, paralegal, or commissioner of oaths.
You can get your OSAP Affidavit notarized online by uploading your OSAP Affidavit and booking a virtual notary appointment. A notary will confirm your identity and ensure you understand what you’re signing. Once you affirm that the contents of your OSAP Affidavit are true before the notary, they’ll witness your signature. Next, they’ll sign your OSAP Affidavit and stamp it with an official notary seal. Book an appointment to get your OSAP Affidavit notarized online, in under 7 minutes with NotaryPro!
What Information Should My OSAP Affidavit of Non-Taxable and/or Foreign Income Contain?
If you earned foreign or non-taxable income that wasn’t reported to CRA, you may need an OSAP Affidavit. You’d use this Affidavit if you couldn’t produce the required documents to prove your foreign or non-taxable income. Your OSAP Affidavit of Non-Taxable and/or Foreign Income should include:
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Personal information, including your/thier full name and current permanent address
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The last year you/they were living in the foreign country (if applicable)
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The total amount of foreign income you’ve received in the foreign country’s currency
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The reason(s) you’re unable to provide the required documentation
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The source(s) of your foreign or non-taxable income payments
Sources of Non-Taxable and/or Foreign Income in Ontario
In Ontario, the below income sources are considered non-taxable or foreign sources of income:
- Employment income
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Income earned outside of Canada
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Child support received
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Income earned on a Canadian First Nations Reserve
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Rental income
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Gifts and inheritances over $3,600
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Life insurance compensation
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Lottery winnings over $3,600
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Investments of any type (e.g., bonds, stocks, or GICs)
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Lawsuit Settlements
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Strike pay from a union
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Investment Gains
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Interest, dividends, or capital gains from tax-free savings accounts (TFSA)
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Spouses and parents must report scholarships as non-taxable income if the scholarships weren’t reported on Line 15000 on their income tax return
Frequently Asked Questions
What if I need a different type of OSAP Affidavit?
If you require an OSAP Affidavit that we don’t have listed, our professionals are happy to help.
Simply reach out to us and we’ll help you create the OSAP Affidavit you require.
How do I know if I need to submit an OSAP Affidavit with my OSAP application?
Typically, OSAP or your student financial aid office will tell you that they require you to submit an OSAP Affidavit.
If you’re unsure, contact your college or university’s student financial aid office for assistance.
The person who must sign the OSAP Affidavit (e.g., a spouse or parent) resides outside of Ontario. Can they still get the OSAP Affidavit notarized?
Yes, they can still get the OSAP Affidavit notarized if your spouse or parent(s) resides outside of Ontario.
With NotaryPro’s secure online notary platform, anyone who needs to sign the Affidavit can attend a virtual signing. They can complete the process in under 7 minutes, without leaving their home.
Do I Need to Submit an OSAP Affidavit Every Year?
Fortunately, you don’t need to submit an OSAP Affidavit every year.
You only need one if your, your partner’s, or your family’s circumstances have changed and you lack documentation to prove it. These changes include changes to your marital status, sole support parent status, income received, and more.
Is NotaryPro’s online drafting & notary service secure?
Yes, NotaryPro uses the latest encryption technology.
Your personal information and documents are subject to the highest level of digital security, and we ensure that your documents are notarized in compliance with all applicable Canadian laws and regulations.
How much does it cost?
It’s free to create your document, although we offer online notarization for a small fee.
That’s right! Creating your document comes at no cost to you, but if you would like to notarize it at the same time, we’re happy to help. Please find our detailed prices here.
Browse Our Free Affidavit Templates
- OSAP Affidavit of Parental Income
- OSAP Affidavit of Spousal Income
- OSAP Affidavit of Student Income
- OSAP Affidavit of Sole Support Parent Status
- OSAP Affidavit of Indigenous Identity
- OSAP Affidavit of Parent’s Non-Taxable or Foreign Income Verification
- OSAP Affidavit of Spousal Non-Taxable or Foreign Income Verification
- OSAP Affidavit of Marital Status
- OSAP Affidavit of Common-Law Status