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ODSP Allowable Asset Levels
ODSP Regs. Part IV Section 27, 28
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Single Person /Head of Benefit Unit |
The asset level is $5,000. |
Spouse |
The asset level of $2,500. |
Dependent |
Plus $500 for each dependent. |
ODSP Allowable Asset Levels - Limit of $20.000 |
Business assets for self-employment |
ODSP Allowable Asset Levels - Limit of $100,000 |
Compensation Awards |
Inheritances placed in trust |
Life Insurance Plan Cash Surrender Value |
ODSP Allowable Asset Levels - No limit |
Pre-paid Funeral |
Discretionary "Henson" Trust Funds |
ODSP Discretionary Asset Levels
ODSP Regs. Part IV Section 27, 28
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Property other than a principal residence stated as required for health and well being of a member of the benefit unit |
Compensation award exceeding $100,000 and the applicant claims that the amount above $100,000 is necessary for expenses arising out of injury |
Second vehicle that the applicant claims is necessary for a dependent to work outside the home; and |
Tools of the trade for self-employment, including the value of a vehicle used exclusively for the business; |
Business assets in excess of $20,000. |
