Canada Student Financial Assistance Regulations

40.02 (1) The Minister, an appropriate authority or a body authorized by the Minister for a province, may make a Canada access grant to a qualifying student if the student

• (a) meets the criteria set out in subsection 12(1) of the Act;

• (b) is enrolled as a full-time student;

• (c) is enrolled, within 4 years after leaving secondary school, in their first year in a program of studies of at least two years that leads to a degree, certificate or diploma at a designated educational institution;

• (d) has never previously been enrolled in a program of studies; and

• (e) is a person in respect of whom a national child benefit supplement, or a special allowance under the Children's Special Allowances Act, is payable or would be payable if the person was less than 18 years of age.

(2) The amount of a grant made under this section to a qualifying student in a loan year shall not exceed the least of

• (a) the qualifying student's assessed need;

• (b) 50% of the student's tuition; and

• (c) $3,000.

(3) In this section, national child benefit supplement means that portion of a child tax benefit determined under the description of C in subsection 122.61(1) of the Income Tax Act.