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Canada Student Financial Assistance Regulations

Version of section 38.1 from 2020-08-01 to 2021-07-31:

  •  (1) The Minister, an appropriate authority or a body authorized by the Minister for a province may make a grant for students with dependants to a qualifying student who

    • (a) is qualified for enrolment or is enrolled as a full-time student;

    • (b) has one or more dependants;

    • (c) meets the criteria set out in paragraphs 12(1)(a) and (b) of the Act; and

    • (d) is not denied further student loans under section 15.

    • (e) [Repealed, SOR/2018-31, s. 7]

  • (2) The grant, for each dependant for each month of study, is the lesser of $200 and the amount determined by the following formula:

    A − (B × C)

    where

    A
    is $200,
    B
    is the result obtained by subtracting the applicable annual income threshold for their family size in accordance with Table 3 of Schedule 4 from the student’s family income, and
    C
    is the monthly phase-out rate set out in column 3 of Table 3 of Schedule 4.
  • (3) Despite subsection (2), the grant for the loan year commencing on August 1, 2020 is, for each dependant for each month of study, the lesser of $400 and the amount determined by the following formula:

    A − (B × C)

    where

    A
    is $400;
    B
    is the result obtained by subtracting the applicable annual income threshold for their family size in accordance with Table 8 of Schedule 4 from the student’s family income; and
    C
    is the monthly phase-out rate set out in column 3 of Table 8 of Schedule 4.
  • SOR/98-402, s. 8
  • SOR/2002-219, s. 6
  • SOR/2009-143, s. 9
  • SOR/2018-31, s. 7
  • SOR/2020-144, s. 4

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