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Canada Student Financial Assistance Regulations (SOR/95-329)

Regulations are current to 2021-11-17 and last amended on 2021-08-01. Previous Versions

SCHEDULE 4(Paragraphs 14.3(b) and 38(1)(d), (3)(c) and (4)(c), subsections 38.1(2) and (3), paragraphs 38.2(2)(b) and (3)(b) and subsections 40.02(2) and (2.1) and 40.021(1))

TABLE 1

Income Threshold for Eligibility for Financial Assistance — Part-time Students

Column 1Column 2
Family size (number of persons)Annual Income Threshold
1$61,513
2$86,031
3$102,638
4$112,817
5$122,229
6$131,177
7 or more$138,897

TABLE 2

Income Threshold for Eligibility for Grants — Part-time Students

Column 1Column 2Column 3
Family size (number of persons)Annual Income ThresholdAnnual phase-out rate
1$30,0000.057120
2$42,4260.041280
3$51,9620.035520
4$60,0000.034080
5$67,0820.032640
6$73,4850.031200
7 or more$79,3730.030240

TABLE 3

Income Threshold for Eligibility for Grants — Full-time Students with Dependants

Column 1Column 2Column 3
Family size (number of persons)Annual Income ThresholdMonthly phase-out rate
2$42,4260.00458663
3$51,9620.00394664
4$60,0000.00378667
5$67,0820.00362667
6$73,4850.00346669
7 or more$79,3730.00335999

TABLE 4

Income Threshold for Eligibility for Grants — Part-time Students with One or Two Dependants

Column 1Column 2Column 3
Family size (number of persons)Annual Income ThresholdWeekly phase-out rate
2$42,4260.00091733
3$51,9620.00078933
4$60,0000.00075733
5$67,0820.00072533
6$73,4850.00069334
7 or more$79,3730.00067200

TABLE 5

Income Threshold for Eligibility for Grants — Part-time Students with Three or More Dependants

Column 1Column 2Column 3
Family size (number of persons)Annual Income ThresholdWeekly phase-out rate
4$60,0000.00113600
5$67,0820.00108800
6$73,4850.00104001
7 or more$79,3730.00100800

TABLE 6

Income Threshold for Eligibility for Grants — Full-time Students

Column 1Column 2Column 3
Family size (number of persons)Annual Income ThresholdMonthly phase-out rate
1$30,0000.0119
2$42,4260.0086
3$51,9620.0074
4$60,0000.0071
5$67,0820.0068
6$73,4850.0065
7 or more$79,3730.0063

TABLE 7

Income Threshold for Eligibility for Grants for Loan Years 2021-2022 and 2022-23 — Part-time Students

Column 1Column 2Column 3
Family Size (number of persons)Annual Income ThresholdAnnual Phase-out Rate
1$32,1020.114240
2$45,3990.082560
3$55,6020.071040
4$64,2040.068160
5$71,7820.065280
6$78,6340.062400
7 or more$84,9330.060480

TABLE 8

Income Threshold for Eligibility for Grants for Loan Years 2021-2022 and 2022-23 — Full-time Students with Dependants

Column 1Column 2Column 3
Family Size (number of persons)Annual Income ThresholdMonthly Phase-out Rate
2$45,3990.009173260
3$55,6020.007893280
4$64,2040.007573320
5$71,7820.007253340
6$78,6340.006933380
7 or more$84,9330.006719980

TABLE 9

Income Threshold for Eligibility for Grants for Loan Years 2021-2022 and 2022-23 — Part-time Students with One or Two Dependants

Column 1Column 2Column 3
Family Size (number of persons)Annual Income ThresholdWeekly Phase-out Rate
2$45,3990.00183466
3$55,6020.00157866
4$64,2040.00151466
5$71,7820.00145066
6$78,6340.00138668
7 or more$84,9330.00134400

TABLE 10

Income Threshold for Eligibility for Grants for Loan Years 2021-2022 and 2022-23 — Part-time Students with Three or More Dependants

Column 1Column 2Column 3
Family Size (number of persons)Annual Income ThresholdWeekly Phase-out Rate
4$64,2040.00227200
5$71,7820.00217600
6$78,6340.00208002
7 or more$84,9330.00201600

TABLE 11

Income Threshold for Eligibility for Grants for Loan Years 2021-2022 and 2022-23 — Full-time Students

Column 1Column 2Column 3
Family Size (number of persons)Annual Income ThresholdMonthly Phase-out Rate
1$32,1020.0238
2$45,3990.0172
3$55,6020.0148
4$64,2040.0142
5$71,7820.0136
6$78,6340.0130
7 or more$84,9330.0126
 
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