They are assets that you can have that will not affect your eligibility to ODSP.
There is a list of ODSP exempt assets found in section 289(1) of Ontario Regulation 222/98. This is a regulation to the Ontario Disability Support Program Act, 1997.
The exempt assets that most often apply to accident settlements are:
- An amount received as damages or compensation for pain and suffering
- An amount received as damages or compensation for expenses actually and reasonably incurred
The total of above cannot exceed $100,000, although there are some occasions where the $100,000 cap does not apply.
Also see article:
ODSP Disputes at the Conclusion of Catastrophic Claims