Lots of good advice in this post. It’s for these reasons (and more) I used to recommend to the parents of the teens that I used to work with that they go see a financial professional once their teens started receiving ODSP.
There are just so many rules and regulations around assets, and a financial professional is really the best person to explain all of it. If you’re a relative of someone on ODSP, you really don’t want to risk endangering their income support just because you didn’t know not to do something – and, as Ron said, a financial professional can advise on how to make the most of income support given ODSP’s restrictions.
Great post, Ron!