Canada Student Financial Assistance Regulations
38.1 (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 full-time student;
(b) has one or more dependants;
(c) meets the criteria set out in paragraphs 12(1)(a) and (b) of the Act; and
(d) is not denied further student loans under section 15.
(e) [Repealed, SOR/2018-31, s. 7]
(2) The grant, for each dependant for each month of study, is the lesser of $200 and the amount determined by the following formula:
A − (B × C)
where
- A
- is $200,
- B
- is the result obtained by subtracting the applicable annual income threshold for their family size in accordance with Table 3 of Schedule 4 from the student’s family income, and
- C
- is the monthly phase-out rate set out in column 3 of Table 3 of Schedule 4.
(3) Despite subsection (2), the grant for each of the loan years commencing on August 1, 2021 and August 1, 2022 is, for each dependant for each month of study, the lesser of $400 and the amount determined by the following formula:
A − (B × C)
where
- A
- is $400;
- B
- is the result obtained by subtracting the applicable annual income threshold for their family size in accordance with Table 8 of Schedule 4 from the student’s family income; and
- C
- is the monthly phase-out rate set out in column 3 of Table 8 of Schedule 4.
- SOR/98-402, s. 8
- SOR/2002-219, s. 6
- SOR/2009-143, s. 9
- SOR/2018-31, s. 7
- SOR/2020-144, s. 4
- SOR/2021-138, s. 2
- Date modified: