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How do assets affect my ODSP income support?

The value of your assets is one of the things we look at monthly when deciding if you are eligible, or continue to be eligible, for ODSP.

You have to tell your caseworker about any assets that you or your family own.

What are assets?

Assets are property, possessions or money that belong to you and the family members with whom you live. Some assets may affect whether you are eligible for ODSP, while others won’t. That’s why it’s important to report all your assets to your caseworker.

Which assets will not affect whether I’m eligible, or continue to be eligible, for ODSP?

Here are a few examples of the things you can own that won’t change the amount of income support you get:

  • the home you own and live in
  • necessary household and personal items, such as furniture and clothing
  • your primary vehicle (the one you use the most, if you have more than one)
  • Registered Education Savings Plans (RESP)
  • Registered Disability Savings Plans (RDSP)
  • trust funds started with an inheritance or life insurance policy, up to certain limits
  • the cash surrender value of life insurance policies, up to certain limits, and
  • pre-paid funerals.

You should speak to your ODSP caseworker to learn about other assets that will not affect your eligibility for ODSP.

Which assets may affect whether I’m eligible, or continue to be eligible, for ODSP?

Some assets, depending on their value, can change the amount of income support you get or affect whether you are eligible for ODSP. Here are some examples:

  • cash in hand
  • money you have in bank accounts
  • Registered Retirement Savings Plans (RRSP)
  • Tax-Free Savings Accounts (TFSA)
  • property other than the house you live in
  • vehicles other than the main vehicle you drive
  • trust funds
  • investments, and
  • collectibles (for example stamps or antiques).

Your caseworker can help you figure out how your assets will affect your ODSP income support. That’s why it’s important that you tell your caseworker about all your assets. You can report any changes in your assets by filling out the Changes Report form.

For more information about the Changes Report form, read our information sheet Reporting when something changes in my life: Filling out the Changes Report form.


Are there limits to the value of my assets?

Yes, there are asset limits. These asset limits only apply to assets that can affect your eligibility (see above). The limit depends on the size of your family.

  • If you are single person, you can have up to $5,000 worth of assets.
  • If you have a spouse, or are in a marriage-like relationship, you can have up to $7,500 worth of assets.
  • If you have children, your limit may increase by $500 for each child who lives with you, no matter their age.

In some cases, you can get approval to save money over and above your asset limit.

For example, you may get approval to save up money to buy an item or service for health- or disability-related reasons.

Talk to your caseworker to learn more.

I’m already on ODSP, do I need to report my assets?

Yes. Tell your caseworker about any assets you or your family have, receive or sell. This could include things like getting money or a new car. Knowing what your assets are, and what they are worth, will help your caseworker figure out if you continue to be eligible for ODSP, and if you’re getting the right amount of income support.

Don’t agree with a decision?

You can ask for an internal review. Someone at ODSP will review a specific decision that affects your ODSP. The review will make sure the decision followed ODSP rules.

You must ask your ODSP office for an internal review within 30 days of when you received the decision.

Need more information?

For more information, please contact your caseworker at your local ODSP office.

To find contact information for your local office and learn more about ODSP visit: ontario.ca/socialassistance.

For general questions, please call ServiceOntario at:

Telephone: 1-888-789-4199
Teletypewriter (TTY):1-800-387-5559