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Canada Student Financial Assistance Regulations

Version of section 38.2 from 2018-08-01 to 2020-07-31:

  •  (1) The Minister, an appropriate authority or a body authorized by the Minister for a province may make a grant for students with dependants to a qualifying student who

    • (a) is qualified for enrolment or is enrolled as a part-time student;

    • (b) has one or more dependants;

    • (c) needs an amount as determined under subsection 12(2) of the Act in excess of the maximum amount payable to the student under subsection 38(3);

    • (d) meets the criteria set out in paragraphs 12(1)(a) and (b) of the Act; and

    • (e) is not denied further student loans under section 15.

    • (f) [Repealed, SOR/2018-31, s. 8]

  • (2) The grant for each loan year is the lesser of

    • (a) the amount the qualifying student needs as determined under subsection 12(2) of the Act;

    • (b) in the case of an eligible student who has

      • (i) one or two dependants, the amount determined by the following formula, to a maximum of $40 per week of study:

        (A – (B × C)) × D

        where

        A
        is $40,
        B
        is the result obtained by subtracting the applicable annual income threshold for their family size in accordance with Table 4 of Schedule 4 from the student’s family income,
        C
        is the weekly phase-out rate set out in column 3 of Table 4 of Schedule 4, and
        D
        is the number of weeks of study, and
      • (ii) three or more dependants, the amount determined by the following formula, to a maximum of $60 per week of study:

        (A – (B × C)) × D

        where

        A
        is $60,
        B
        is the result obtained by subtracting the applicable annual income threshold for their family size in accordance with Table 5 of Schedule 4 from the student’s family income,
        C
        is the weekly phase-out rate set out in column 3 of Table 5 of Schedule 4, and
        D
        is the number of weeks of study; and
    • (c) $1,920.

  • SOR/98-402, s. 8
  • SOR/2002-219, s. 6
  • SOR/2009-143, s. 10
  • SOR/2012-78, s. 3
  • SOR/2018-31, s. 8

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