I am a resident of Ontario and I am planning to go to University in September. Upon applying for OSAP I was asked what my monthly salary while in school will be (excluding time away from school). I own a corporation (xxxxxx, Inc.)
Lets say my company was making $1000 a month (fake number of course) and I only payed myself $100 of this each month while in school and kept the rest of the money in the business account. Would I write that I am making $1000 or $100 monthly on the OSAP application? My thoughts are that I would put that I am earning $100 each month as my company is making $1000 a month, not me -- I am only making $100 a month.
TLDR; Are the CEO's earnings different from the Company's earnings if the CEO is the only shareholder?