Canada Student Financial Assistance Regulations

Version of the schedule from 2020-08-01 to 2021-07-31:

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 1	Column 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 1	Column 2	Column 3
Family size (number of persons)	Annual Income Threshold	Annual phase-out rate
1	$30,000	0.057120
2	$42,426	0.041280
3	$51,962	0.035520
4	$60,000	0.034080
5	$67,082	0.032640
6	$73,485	0.031200
7 or more	$79,373	0.030240

TABLE 3

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

Column 1	Column 2	Column 3
Family size (number of persons)	Annual Income Threshold	Monthly phase-out rate
2	$42,426	0.00458663
3	$51,962	0.00394664
4	$60,000	0.00378667
5	$67,082	0.00362667
6	$73,485	0.00346669
7 or more	$79,373	0.00335999

TABLE 4

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

Column 1	Column 2	Column 3
Family size (number of persons)	Annual Income Threshold	Weekly phase-out rate
2	$42,426	0.00091733
3	$51,962	0.00078933
4	$60,000	0.00075733
5	$67,082	0.00072533
6	$73,485	0.00069334
7 or more	$79,373	0.00067200

TABLE 5

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

Column 1	Column 2	Column 3
Family size (number of persons)	Annual Income Threshold	Weekly phase-out rate
4	$60,000	0.00113600
5	$67,082	0.00108800
6	$73,485	0.00104001
7 or more	$79,373	0.00100800

TABLE 6

Income Threshold for Eligibility for Grants — Full-time Students

Column 1	Column 2	Column 3
Family size (number of persons)	Annual Income Threshold	Monthly phase-out rate
1	$30,000	0.0119
2	$42,426	0.0086
3	$51,962	0.0074
4	$60,000	0.0071
5	$67,082	0.0068
6	$73,485	0.0065
7 or more	$79,373	0.0063

TABLE 7

Income Threshold for Eligibility for Grants for Loan Year 2020-2021 — Part-time Students

Column 1	Column 2	Column 3
Family Size (number of persons)	Annual Income Threshold	Annual Phase-out Rate
1	$31,868	0.11423856820994500
2	$45,068	0.08255933952528380
3	$55,196	0.07103954534690980
4	$63,735	0.06815987276823750
5	$71,258	0.06528006963207430
6	$78,060	0.06240033280177490
7 or more	$84,313	0.06047980646461930

TABLE 8

Income Threshold for Eligibility for Grants for Loan Year 2020-2021 — Full-time Students with Dependants

Column 1	Column 2	Column 3
Family Size (number of persons)	Annual Income Threshold	Monthly Phase-out Rate
2	$45,068	0.00917325994725376
3	$55,196	0.00789328281632331
4	$63,735	0.00757331919647083
5	$71,258	0.00725334107023048
6	$78,060	0.00693337031130833
7 or more	$84,313	0.00671997849606881

TABLE 9

Income Threshold for Eligibility for Grants for Loan Year 2020-2021 — Part-time Students with One or Two Dependants

Column 1	Column 2	Column 3
Family Size (number of persons)	Annual Income Threshold	Weekly Phase-out Rate
2	$45,068	0.00183465198945075
3	$55,196	0.00157865656326466
4	$63,735	0.00151466383929417
5	$71,258	0.00145066821404609
6	$78,060	0.00138667406226167
7 or more	$84,313	0.00134399569921376

TABLE 10

Income Threshold for Eligibility for Grants for Loan Year 2020-2021 — Part-time Students with Three or More Dependants

Column 1	Column 2	Column 3
Family Size (number of persons)	Annual Income Threshold	Weekly Phase-out Rate
4	$63,735	0.00227199575894125
5	$71,258	0.00217600232106914
6	$78,060	0.00208001109339250
7 or more	$84,313	0.00201599354882064

TABLE 11

Income Threshold for Eligibility for Grants for Loan Year 2020-2021 — Full-time Students

Column 1	Column 2	Column 3
Family Size (number of persons)	Annual Income Threshold	Monthly Phase-out Rate
1	$31,868	0.0238
2	$45,068	0.0172
3	$55,196	0.0148
4	$63,735	0.0142
5	$71,258	0.0136
6	$78,060	0.0130
7 or more	$84,313	0.0126