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Canada Student Financial Assistance Regulations (SOR/95-329)

Regulations are current to 2024-02-06 and last amended on 2022-11-01. Previous Versions

AMENDMENTS NOT IN FORCE

  • — SOR/2018-31, s. 9(5)

      • 9 (5) Subsection 40.02(3) of the Regulations is repealed.

  • — SOR/2023-157, s. 1

  • — SOR/2023-157, s. 2

    • 2 Section 14.3 of the Regulations is renumbered as subsection 14.3(1) and is amended by adding the following:

      • (2) Paragraph (1)(a) does not apply in respect of the loan year commencing on August 1, 2023.

  • — SOR/2023-157, s. 3

      • 3 (1) The portion of subsection 38(4) of the Regulations before paragraph (a) is replaced by the following:

        • (4) Despite subsection (3), the grant for the loan year commencing on August 1, 2023 is the lesser of

      • (2) Paragraph 38(4)(b) of the Regulations is replaced by the following:

        • (b) $2,520, and

      • (3) The description of A in paragraph 38(4)(c) of the Regulations is replaced by the following:

        A
        is $2,520,
      • (4) Paragraph 38(4)(c) of the French version of the Regulations is amended by replacing the semi-colon at the end of the description of B with a comma.

  • — SOR/2023-157, s. 4

      • 4 (1) The portion of subsection 38.1(3) of the Regulations before the formula is replaced by the following:

        • (3) Despite subsection (2), the grant for the loan year commencing on August 1, 2023 is, for each dependant for each month of study, the lesser of $280 and the amount determined by the formula

      • (2) The description of A in subsection 38.1(3) of the Regulations is replaced by the following:

        A
        is $280;
  • — SOR/2023-157, s. 5

      • 5 (1) The portion of subsection 38.2(3) of the Regulations before paragraph (a) is replaced by the following:

        • (3) Despite subsection (2), the grant for the loan year commencing on August 1, 2023 is the lesser of

      • (2) The portion of subparagraph 38.2(3)(b)(i) of the Regulations before the formula is replaced by the following:

        • (i) one or two dependants, the amount determined by the following formula, to a maximum of $56 per week of study:

      • (3) The description of A in subparagraph 38.2(3)(b)(i) of the Regulations is replaced by the following:

        A
        is $56,
      • (4) The portion of subparagraph 38.2(3)(b)(ii) of the Regulations before the formula is replaced by the following:

        • (ii) three or more dependants, the amount determined by the following formula, to a maximum of $84 per week of study:

      • (5) The description of A in subparagraph 38.2(3)(b)(ii) of the Regulations is replaced by the following:

        A
        is $84,
      • (6) Paragraph 38.2(3)(c) of the Regulations is replaced by the following:

        • (c) $2,688.

  • — SOR/2023-157, s. 6

    • 6 Subsection 40.01(4) of the Regulations is replaced by the following:

      • (4) Despite subsection (3), the grant for the loan year commencing on August 1, 2023 is $2,800.

  • — SOR/2023-157, s. 7

      • 7 (1) The portion of subsection 40.02(2.1) of the Regulations before the formula is replaced by the following:

        • (2.1) Despite subsection (2), for the loan year commencing on August 1, 2023, the maximum amount of the grant for each month of study is the lesser of $525 and the amount determined by the formula

      • (2) The description of A in subsection 40.02(2.1) of the Regulations is replaced by the following:

        A
        is $525;
  • — SOR/2023-157, s. 8

    • 8 Subsections 40.021(1.1) to (3) of the Regulations are replaced by the following:

      • (2) If the thresholds determined in accordance with subsection (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), the Consumer Price Index is the annual all-items Consumer Price Index for Canada published by Statistics Canada.

  • — SOR/2023-157, s. 9

      • 9 (1) Schedule 4 to the Regulations is amended by replacing the references after the heading “SCHEDULE 4” with the following:

        (Paragraphs 14.3(1)(b) and 38(1)(d), (3)(c) and (4)(c), subsections 38.1(2) and (3), paragraphs 38.2(2)(b) and (3)(b) and subsections 40.02(2) and (2.1) and 40.021(1))
      • (2) Tables 7 to 11 of Schedule 4 to the Regulations are replaced by the following:

        TABLE 7

        Income Threshold for Eligibility for Grants for Loan Year 2023-2024 — Part-time Students

        Column 1Column 2Column 3
        Family Size (number of persons)Annual Income ThresholdAnnual Phase-out Rate
        1$35,4290.079968
        2$50,1040.057792
        3$61,3650.049728
        4$70,8590.047712
        5$79,2220.045696
        6$86,7840.043680
        7 or more$93,7370.042336

        TABLE 8

        Income Threshold for Eligibility for Grants for Loan Year 2023-2024 — Full-time Students with Dependants

        Column 1Column 2Column 3
        Family Size (number of persons)Annual Income ThresholdMonthly Phase-out Rate
        2$50,1040.006421282
        3$61,3650.005525296
        4$70,8590.005301324
        5$79,2220.005077338
        6$86,7840.004853366
        7 or more$93,7370.004703986

        TABLE 9

        Income Threshold for Eligibility for Grants for Loan Year 2023-2024 — Part-time Students with One or Two Dependants

        Column 1Column 2Column 3
        Family Size (number of persons)Annual Income ThresholdWeekly Phase-out Rate
        2$50,1040.00128426
        3$61,3650.00110506
        4$70,8590.00106026
        5$79,2220.00101546
        6$86,7840.00097068
        7 or more$93,7370.00094080

        TABLE 10

        Income Threshold for Eligibility for Grants for Loan Year 2023-2024 — Part-time Students with Three or More Dependants

        Column 1Column 2Column 3
        Family Size (number of persons)Annual Income ThresholdWeekly Phase-out Rate
        4$70,8590.00159040
        5$79,2220.00152320
        6$86,7840.00145601
        7 or more$93,7370.00141120

        TABLE 11

        Income Threshold for Eligibility for Grants for Loan Year 2023-2024 — Full-time Students

        Column 1Column 2Column 3
        Family Size (number of persons)Annual Income ThresholdMonthly Phase-out Rate
        1$35,4290.01666
        2$50,1040.01204
        3$61,3650.01036
        4$70,8590.00994
        5$79,2220.00952
        6$86,7840.00910
        7 or more$93,7370.00882

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