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 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• (f) [Repealed, SOR/2018-31, s. 8]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.