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

Regulations are current to 2024-08-18 and last amended on 2024-08-01. Previous Versions

SCHEDULE 4(Section 14.3, paragraphs 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 2024-2025 — Part-time Students

Column 1Column 2Column 3
Family Size (number of persons)Annual Income ThresholdAnnual Phase-out Rate
1$36,8110.079968
2$52,0590.057792
3$63,7600.049728
4$73,6240.047712
5$82,3130.045696
6$90,1700.043680
7 or more$97,3950.042336

TABLE 8

Income Threshold for Eligibility for Grants for Loan Year 2024-2025 — Full-time Students with Dependants

Column 1Column 2Column 3
Family Size (number of persons)Annual Income ThresholdMonthly Phase-out Rate
2$52,0590.006421282
3$63,7600.005525296
4$73,6240.005301324
5$82,3130.005077338
6$90,1700.004853366
7 or more$97,3950.004703986

TABLE 9

Income Threshold for Eligibility for Grants for Loan Year 2024-2025 — Part-time Students with One or Two Dependants

Column 1Column 2Column 3
Family Size (number of persons)Annual Income ThresholdWeekly Phase-out Rate
2$52,0590.001284262
3$63,7600.001105062
4$73,6240.001060262
5$82,3130.001015462
6$90,1700.000970676
7 or more$97,3950.000940800

TABLE 10

Income Threshold for Eligibility for Grants for Loan Year 2024-2025 — Part-time Students with Three or More Dependants

Column 1Column 2Column 3
Family Size (number of persons)Annual Income ThresholdWeekly Phase-out Rate
4$73,6240.001590400
5$82,3130.001523200
6$90,1700.001456014
7 or more$97,3950.001411200

TABLE 11

Income Threshold for Eligibility for Grants for Loan Year 2024-2025 — Full-time Students

Column 1Column 2Column 3
Family Size (number of persons)Annual Income ThresholdMonthly Phase-out Rate
1$36,8110.01666
2$52,0590.01204
3$63,7600.01036
4$73,6240.00994
5$82,3130.00952
6$90,1700.00910
7 or more$97,3950.00882
 

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