Mary Campbell Co-op

How to Verify Your Income

 
Depending on your circumstances, one of the following will be adequate proof of your income:  EVERY ADULT MEMBER OF YOUR HOUSEHOLD, PLUS EVERY CHILD NOT ATTENDING SCHOOL FULL-TIME, MUST DECLARE HIS OR HER INCOME.

SOURCE OF INCOME

VERIFICATION REQUIRED

Regularly Employed A letter from your employer stating your salary before deductions and the number of hours per week you work. If you cannot get a letter and you earn a constant amount each pay cheque, three consecutive pay stubs may be submitted.
Irregularly Employed A copy of your last income tax return, including supporting information (T4's, etc.), as well as an affidavit estimating your income for the upcoming year.
Unemployed, Receiving E.I. A copy of three consecutive warrant cards, or a statement from a E.I. payment's counsellor, verifying the amount of benefit.
Social Assistance A letter from the agency from which you receive benefits (Family Benefits, D.V.A., Welfare, Workman's Compensation) setting out those benefits.
Manpower
Re-training
A statement from Manpower setting out your allowance, as well as an indication of dates you start and finish the course.
Pension A photocopy of each of your pension cheques (OAS, CPP, GAINS, private pension, etc.) or a letter from your financial institution. If you are submitting photocopies of cheques, please mark them "specimen" for your protection.
Self-employed A statement from a chartered accountant setting out your net business income or total withdrawals from the business as salary in the last 52 weeks, or an affidavit with supporting documents such as tax forms declaring your total annual income, sources, and amount.
Support Payments Received Alimony, separation, or support payment amounts must be verified with legal documents from the Family Court or a lawyer, or, if not available, an affidavit with supporting documents.
Student Awards A photocopy of the relevant government form must be submitted. The grant portion only is to be declared; repayable loans are not included. Summer earnings must also be included.
Rental Income Copies of cheques or written agreements made if you have rented property that you own, such as a summer cottage.
Income Yielding Assets Account statements from your financial institution, or tax forms relating to investments, dividends or interest paid on stocks/investment papers, savings accounts, bonds, debentures, deposits or notes, trust accounts, credit unions, mortgages or loans, etc. This verification need not be provided if the average level of assets is under $4 500.00

ALSO: Income from the following must be disclosed: part-time earnings, bonuses and incentive pay, commissions, overtime pay,   
             tips and gratuities, strike pay, earnings from home child care, housework, etc.

NOT INCLUDED: Family allowances, capital gains, scholarships or bursaries, supplementary tax assistance for the elderly.


Mary Campbell Co-op
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Mary Campbell Co-op
587 Talbot Street
London, Ontario  N6A 2T2
Telephone: 438-8941
Email: gelinas@dionet.ca