Canada Student Financial Assistance Regulations

40.021 (1) Beginning in 2018, the annual income thresholds set out in column 2 of Tables 1, 2, 3, 4, 5 and 6 of Schedule 4 are adjusted on August 1st of each year by the annual percentage increase to the Consumer Price Index for the previous calendar year, rounded to the nearest dollar. The adjustment applies for that loan year.

(1.1) The annual income thresholds set out in column 2 of Tables 7 to 11 of Schedule 4 are adjusted on August 1, 2022 by the annual percentage increase to the Consumer Price Index for the previous calendar year, rounded to the nearest dollar. The adjustment applies for the loan year commencing on August 1, 2022.

(2) If the thresholds determined in accordance with subsection (1) or (1.1) are less than those applicable for the previous loan year, no adjustment is to be made and the thresholds applicable for the previous loan year continue to apply for that loan year.

(3) For the purpose of subsection (1) or (1.1), the Consumer Price Index is the annual all-items Consumer Price Index for Canada published by Statistics Canada.