Canada Student Financial Assistance Regulations
38.1 (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(e) [Repealed, SOR/2018-31, s. 7]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, 2023 is, for each dependant for each month of study, the lesser of $280 and the amount determined by the formula
A − (B × C)
where
- A
- is $280;
- 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
- SOR/2021-138, s. 2
- SOR/2023-157, s. 4
- Date modified: