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

Regulations are current to 2024-05-28 and last amended on 2023-12-08. Previous Versions

SCHEDULE 4(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))

TABLE 1

Income Threshold for Eligibility for Financial Assistance — Part-time Students

Column 1Column 2
Family size (number of persons)Annual Income Threshold
1$61,513
2$86,031
3$102,638
4$112,817
5$122,229
6$131,177
7 or more$138,897

TABLE 2

Income Threshold for Eligibility for Grants — Part-time Students

Column 1Column 2Column 3
Family size (number of persons)Annual Income ThresholdAnnual phase-out rate
1$30,0000.057120
2$42,4260.041280
3$51,9620.035520
4$60,0000.034080
5$67,0820.032640
6$73,4850.031200
7 or more$79,3730.030240

TABLE 3

Income Threshold for Eligibility for Grants — Full-time Students with Dependants

Column 1Column 2Column 3
Family size (number of persons)Annual Income ThresholdMonthly phase-out rate
2$42,4260.00458663
3$51,9620.00394664
4$60,0000.00378667
5$67,0820.00362667
6$73,4850.00346669
7 or more$79,3730.00335999

TABLE 4

Income Threshold for Eligibility for Grants — Part-time Students with One or Two Dependants

Column 1Column 2Column 3
Family size (number of persons)Annual Income ThresholdWeekly phase-out rate
2$42,4260.00091733
3$51,9620.00078933
4$60,0000.00075733
5$67,0820.00072533
6$73,4850.00069334
7 or more$79,3730.00067200

TABLE 5

Income Threshold for Eligibility for Grants — Part-time Students with Three or More Dependants

Column 1Column 2Column 3
Family size (number of persons)Annual Income ThresholdWeekly phase-out rate
4$60,0000.00113600
5$67,0820.00108800
6$73,4850.00104001
7 or more$79,3730.00100800

TABLE 6

Income Threshold for Eligibility for Grants — Full-time Students

Column 1Column 2Column 3
Family size (number of persons)Annual Income ThresholdMonthly phase-out rate
1$30,0000.0119
2$42,4260.0086
3$51,9620.0074
4$60,0000.0071
5$67,0820.0068
6$73,4850.0065
7 or more$79,3730.0063

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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