Canada Student Financial Assistance Regulations

38.2 (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 aggregate of

  • (i) the maximum amount payable to the student under subsection 38(3), and

  • (ii) the greater of $4,000 less the aggregate principal amount of all outstanding part-time loans and 0;

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

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

• (f) has an annual family income that is no more than the applicable income threshold set out in Table 1 of Schedule 3.

(2) The grant for each loan year shall not exceed the lesser of

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

• (b) $40 per week of study in a loan year if the student has one or two dependants,

• (c) $60 per week of study in a loan year if the student has three or more dependants, and

• (d) $1,920.