Important Considerations

 

TAXES – Consider buying bonds or RRSP’s to reduce the amount of taxes paid while working. If your income is lower when you return to school these investments can be cashed at a lower rate.

MOVING EXPENSES - If you move at least 40 kms closer to your new place of work, you can deduct eligible moving expenses from employment income. For more information you can visit their website and view the form "T1-M Moving Expenses Deduction."

MEDICAL PLANS - Make sure you have with you your Ontario Health Plan Number. For extra Medical Coverage such as prescriptions, eye glasses, dental look into a private insurance plan, i.e. Blue Cross.

VACATION POLICY - Ask your employer about earned holidays. Find out how many you are entitled to and if there are any restrictions regarding when you can take them. Also, find out about statutory holidays (don’t assume that the company will close on regular statutory holidays).

OVERTIME POLICY - Ask your employer how they reimburse for overtime. Some companies give you time off in lieu of pay, others have a pay scale depending on when the overtime is worked.

OSAP - To defer you OSAP interest repayment, you will need to fill out a form in the Registrar's Financial Aid office. This form must be renewed each term by filling out a new form or by faxing (519-850-2394) your request for a continuance in the deferment of OSAP for the term in question.

SCHOLARSHIP DEFERRAL - Students who qualify to receive a continuing scholarship in the academic year in which they participate in this course are permitted to defer receipt of the scholarship for one year. Direct queries to Associate Dean Undergraduate Affairs.

STUDENT CARDS - Validation stickers can be obtained from Department of Admissions and Academic Records. This validation is to provide identification to take advantage of student discount fares only.