Income Verification

OSAP will be completing the income verification process for 2016-2017 in the upcoming months. Students may receive an Income Verification Appeal Form followed by a Letter of Re-Assessment and/or Letter of Overpayment in the next few weeks.

What does this mean?

  • The Ministry of Training, Colleges and Universities (OSAP) has compared the income figures you provided on your 2014-2015 and/or 2015-2016 OSAP applications with your 2014 and 2015 income tax returns.
  • An increase in income, as per Revenue Canada’s file, would result in the reassessment of OSAP funding for that academic year.
  • If you have received a Letter of Re-Assessment, you will be provided with revised entitlement amounts and directed to report your income accurately in the future.
  • If you have received a Letter of Overpayment, this means that you were given too much OSAP for that given year. If this is your second overpayment, you will have to repay the overpayment amount before you will be able to receive 2016-2017 OSAP funding.
  • Payments are made to the National Student Loans Service Centre (NSLSC). Contact them at 1-888-815-4514 and
  • Please read your Income Verification Letter carefully to understand the required supporting documents, your obligation to report income and your appeal options.
  • You may have received an Income Verification Letter indicating that the IVS check resulted in an overpayment on your OSAP file and a full restriction from receiving further OSAP.  The full restriction is the result of a large variance between the income figures reported by Revenue Canada and the income figures on the OSAP application.
  • If you feel that the income provided by Revenue Canada is incorrect, consult your accountant or review your tax return for 2014 and 2015. Revisions to your tax return and a revised Notice of Assessment from Revenue Canada may be required before you will be able to proceed with the Income Verification Appeal.
  • Send your completed Income Verification Appeal Form and supporting documentation directly to the Ministry of Training, Colleges and Universities for processing. If you are currently enrolled as a full-time student and hope to receive OSAP for that term/year, write “PRIORITY – FULL-TIME STUDENT” at the top of the IVS Appeal form.

What’s New!

Indigenous Entrance Awards: McMaster offers generous awards for Indigenous students entering first year. Find out more about entrance scholarships for Indigenous students. Apply by July 15!

Spring/Summer CIFS: Students enrolled full-time for the spring and/or summer sessions can now submit a Continuation of Interest-Free Status application. Apply online via the OSAP website. Learn more about Interest-Free Status.

18/19 OSAP Application: Students can now apply for OSAP for the 2018/19 academic year. Apply via the OSAP website by June 30th, McMaster’s recommended deadline, if you require your funding in September.

Survey for Spring/Summer Part-Time Students: We want your input! Complete a three-minute survey to help us consider bursary options for funding part-time studies.

External Scholarships Page: Check out our new External Scholarships page for updated information on scholarships available through various companies/organizations.

Rhodes Scholarship Info Webinar: Missed the webinar? Lots of great information about the Rhodes application and experience is available in the webinar presentation (PDF)!


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