Income Documents Required for Applications

Please review examples of household income and supporting documents required to apply for the Ontario Renovates and Homeownership programs.


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Income type Examples Documentation required
Paid employment
  • Full-time, part-time, or casual
  • Commissions, tips, or bonuses
  • Illness and/or disability pay
  • Copy of the previous year’s notice of assessment, AND
  • Letter from employer or employment agency – on company letterhead, indicating monthly income or average earnings, OR
  • Pay stubs for at least two months (employer must be identified), OR
  • Bank statements, OR
  • Cheque stubs from disability, pension or insurance

Self-employment

  • Tutoring
  • Babysitting or child care
  • Taxi
  • Business
  • Other
  • Copy of the previous year’s notice of assessment

Pensions and allowances

  • Old Age Security (OAS)
  • Canada/Provincial Pension (CPP, QPP)
  • Pensions, for example: Widow’s, Retirement, War Disability, Other
  • War Veterans Allowance (DVA)
  • Training Allowance
  • Ontario Disability Payments (ODSP)
  • Copy of the previous year’s notice of assessment, AND
  • Cheque stub or copy of cheque, OR
  • Direct bank deposit:
    • Two months of bank statements or monthly bank statements, OR
    • Letter from a government agency issuing the cheque, OR
  • Statement from the issuing source or employer

Investment income

  • Interest and dividends from all investments, including:
    • Stocks
    • Bonds
    • Bank/Trust/Credit Union accounts
    • Shares
    • Securities
    • Annuities
  • Registered Retirement Savings Plans (RRSPs)
  • Guaranteed Income Statements (GICs)
  • Copy of the previous year’s notice of assessment

Other income

  • Workplace Safety and Insurance Board (WSIB)
  • Employment Insurance (EI) and Ontario Works (OW)
  • Compensation for Victims of Crime
  • Alimony, child support, or separation payment(s)
  • Copy of previous year’s notice of assessment, AND
  • Cheque stub or letter from source of income, OR 
  • Sworn affidavit with both the applicant and ex-spouse’s signature or legal statement/letter from lawyer, OR
  • Copy of assessment form and confirmation of other earnings

Assets

Assets are valuable things that you own. Some assets produce income, and others do not, see D) above.

Some examples of assets include:

  • Investments, including: Stocks, Bonds, Bank/Trust/Credit Union accounts, shares, securities, annuities
  • Registered Retirement Savings Plans (RRSPs)
  • Guaranteed Income Statements (GICs)
  • Property you own or have an interest in
  • Bank statements for each account
  • Investment statement
  • Proof of property or proof of vehicle ownership
  • Iife insurance with a cash surrender

 

Questions?

Contact the Housing and Homelessness Prevention Services team: