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Financial Aid


Financial Literacy text with images of money and illustrations of piggy banks and a wallet

If you have any questions about financial aid, email FSU Finance Coordinator Karen Martinez at k_martinez112149@nullfanshawec.ca, or call 519.452.4109 ext. 6303

Student Life Education Fund
OSAP
Work Study and ISWEP
Fees Information


The Piggy Bank Tips

The Piggy Bank Tips - Don't assume that you don't qualify for a job posting.

Don’t assume that you don’t qualify for a job posting.

The Piggy Bank Tips - When negotiating a salary, get the company to name figures first

When negotiating a salary, get the company to name figures first.

The Piggy Bank Tips - Pay off high interest debt first.

Pay off high interest debt first.

The Piggy Bank Tips - Learn about repayment options on student loans.

Learn about repayment options on student loans.

The Piggy Bank Tips - Spend on the real you - not the imaginary you.

Spend on the real you - not the imaginary you.

The Piggy Bank Tips - Spend on experiences, not things.

Spend on experiences, not things.

The Piggy Bank Tips - Get Your Finances - and Body - in Shape.

Get Your Finances - and Body - in Shape.

The Piggy Bank Tips - Collect coupons for products you purchase regularly.

Collect coupons for products you purchase regularly.

The Piggy Bank Tips - Get a money buddy.

Get a money buddy.

The Piggy Bank Tips - Set specific financial goals.

Set specific financial goals.

The Piggy Bank Tips - Budget about 30% of your income for lifestyle spending.

Budget about 30% of your income for lifestyle spending.

The Piggy Bank Tips - Allocate at least 20% of your income towards financial priorities.

Allocate at least 20% of your income towards financial priorities.

The Piggy Bank Tips - consider an all cash diet

Consider an all cash diet.

The Piggy Bank Tips - set a budget, period

Set a budget, period.

Let’s Spend Together

Let's Spend Together - Workout Gear

January 2022
Health, Wealth and Happiness. With big sales in the first month of the year, there is no financial excuse to abandon your New Year’s resolutions. Let’s welcome the new year with a new edition of Let’s Spend Together.

Let's Spend Together - Cheese

January 2022
Cheese - Happy New Year Falcons!! So Grilled to have you back. We are happy to start a new year with new goals and resolutions. With a fresh page on the calendar comes a fresh start for sales, allowing us to share with you the best way to start your year spending less together.

Let's Spend Together - Fall Items
Let's Spend Together - toys

December 2021
2021 is almost over. However, the end of the year is just the beginning for discounts on product categories such as toys and Fall items. Let’s spend together one more time, and have this information handy for the last shopping event of the year.

Let's Spend Together - Apples

December 2021
Happy Holidays Falcons!

While December is a good month overall, tradition says that is a great opportunity to share with family, friends and everyone around us.

Let us share with you the Holiday Edition of Let’s Spend Together to help you avoid comparing apples and oranges.

Let's Spend Together - Winter Clothing

November 2021
Winter is coming!
The time between Thanksgiving and December holidays is the best time to shop for some items, because sales have lulled and the new winter styles that are introduced during the holiday season are here.

Let's Spend Together - Raspberries

November 2021
November is the perfect month to start our holiday planning. Berries are a featured item in many holiday treats, so now is a berry good time to purchase some.

Let's Spend Together - Jeans

October 2021
Don’t rush Falcons, but Jeans Season is finally here!!! Now is the best time to replace those outgrown short pants.

And don’t forget scarily good savings during Halloween sales this time of year. Just remember that the closer it gets to October 31, the lower prices you will get.

Let's Spend Together - Pumpkins

October 2021
Don’t let the cost of shopping scare you during the Halloween season.

Let’s Pumpkin Spice Things Up and find some amazing deals on these product in October.

Let's Spend Together - Computers and Office Supplies

September 2021
With the holidays just a few months away, it’s a good idea to get a head start on gift shopping this month.

But if you’re in the market for a new computer, wait until the back-to-school rush is over and buy one in September.

Let's Spend Together - Bell peppers

September 2021
Yes Falcons, September is here and you know what that means: back-to-college season is here!!!!!

Don’t let the overwhelming feeling of a new semester disrupt your appetite. Let’s start pepper-ing your meals together.

Let's Spend Together - Summer Supplies

August 2021
Take advantage of giant price cuts on outdoor essentials in August. Camping season is almost over, but you can still get amazing items in stores.

Don’t forget that we are getting close to returning to class. The closer to the start of the school year that you buy school supplies, the better your chances are of getting good deals.

Let's Spend Together - Blueberries

August 2021
You might be looking for fresh fruit to enjoy at the beach with your family and friends. Does blueberries and raspberries sound like a nice treat? Let’s go shopping together and find some amazing deals.

Let's Spend Together - Fall Items

July 2021
Mid-year sales are here!!!
If you are thinking about getting your new outfits for your new semester, July is the perfect month to do it.
With Fall Collections hitting the stores, let’s go and get ready for the new college year.

Let's Spend Together - Corn On The Cob

July 2021
The temperature usually rises in July, but the prices of certain items drop.
With barbeque season in full swing, let us give you some suggestions for your next barbeque party... Does sweet corn sounds good?

All About Tax

Tax Tips

Find helpful tips below to remember while filling your taxes this year!

  • You can file your taxes for free!
    Save money when filing your taxes by using free softwares such as Turbo Tax Free and SimpleTax! You can also search on the CRA website for free tax clinics on your area.

  • Minimize the amount of tax you have to pay by filing your T2202 tax form!
    A T2202 is an income tax form issued to post-secondary students which shows the amount of tuition that can be deducted from your tax bill. Depending on your situation, this form either will help you pay less taxes for the year or give you a nice refund! You can find it on Web Advisor by going to Financial Information, View My T2202.

  • What is the difference between a T4 and a T4A?
    A T4 is a tax slip issued to you by your employer. This slip shows how much employment income you were paid during the tax year and the amount of income tax deducted. A T4A tax slip includes other types of income. If you received a bursary, scholarship or a monetary award from Fanshawe, a T4A will be issued to you.

  • CERB and CESB payments are taxable!
    If you received CERB or CESB payments, you are required to pay taxes on these. A T4A will be issued to you by the CRA which you will need to include when filing your taxes. If your total income for the year was less than $12,000 you don’t have to worry about paying any income tax!

  • Don’t forget to claim the Climate Action Incentive tax credit!
    If you were over the age of 18 and a resident of Ontario on December 31, 2020, you are elegible to claim the $300 tax credit for single adults. The amounts vary for couples and dependants. Visit the CRA website for more information.

Free Tax Clinics and Free Tax Software for Students

Need help filing your taxes? See below for Free Tax Clinics for Students.

Looking for software to file your taxes? Check out UFile’s free software for students to complete their taxes.

Financial Literacy




Please see below for helpful resources to help you start on the path to Financial Freedom.

Road to Financial Freedom

When it comes to personal finance there are a lot of do‘s and don‘ts and knowing what to do and what not to do is key to you and your families financial well-being. Fortunately, the Fanshawe Student Union cares about you and wants to see you succeed. The FSU Finance Coordinator has provided you this step-by-step guide to start getting your finances in order... read full article

Reading List

Budgeting Documents

Templates

Tools

  • Apps: To make budgeting more accessible for you, check out “Mint” and “Goodbudget”. They are both free to download and are available in the App Store and Google Play.
  • Desktop: For desktop users we have included a free budget template that is already done for you, simply plug in your information! You can also customize it to better reflect your personal situation.

Fanshawe Student Union Student Bursary

  • Available for Fanshawe Student Union employees who are currently enrolled in a full time post secondary program with a minimum GPA of 2.0
  • Student must demonstrate financial need
  • Student must have completed at least 50 hours of work for the FSU during the Fall semester of study
  • Student must meet Ontario Residency criteria
  • Student must meet Canadian Citizenship criteria
  • Applications will be made available, upon request, to eligible students by contacting the Student Awards Office

Appeals

Would you like to make an appeal regarding a financial decision? If you would like to make an appeal you can drop by E2020 to pick up an appeal information pamphlet and an application or contact Tanushree Prasad, FSU Advocacy and Communications Coordinator in SC1000 or email t_prasad@nullfanshawec.ca, or call 519.452.4109 ext. 6341

Student Awards and Bursaries

Student Assistance Bursaries

Fanshawe College Student Assistance Bursaries have been established by the College, in accordance with Ministry guidelines related to tuition fees. These bursaries are available to students who have a demonstrated financial need while in school. Both educational and personal expenses related to program study will be considered. Students attending on a full-time basis within a post-secondary or post-diploma program at Fanshawe College are eligible to apply.

For more Bursary Information, visit:
https://www.fanshawec.ca/paying-college/financial-aid-student-awards/bursaries

Student Awards

The Student Awards office administers all of the Fanshawe College’s donor-funded awards, bursaries and scholarships. More info on Student Awards

Fanshawe Student Union logo www.fsu.ca
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