Canada Student Financial Assistance Regulations

Version of the schedule from 2023-08-01 to 2024-07-31:

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 1	Column 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 1	Column 2	Column 3
Family size (number of persons)	Annual Income Threshold	Annual phase-out rate
1	$30,000	0.057120
2	$42,426	0.041280
3	$51,962	0.035520
4	$60,000	0.034080
5	$67,082	0.032640
6	$73,485	0.031200
7 or more	$79,373	0.030240

TABLE 3

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

Column 1	Column 2	Column 3
Family size (number of persons)	Annual Income Threshold	Monthly phase-out rate
2	$42,426	0.00458663
3	$51,962	0.00394664
4	$60,000	0.00378667
5	$67,082	0.00362667
6	$73,485	0.00346669
7 or more	$79,373	0.00335999

TABLE 4

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

Column 1	Column 2	Column 3
Family size (number of persons)	Annual Income Threshold	Weekly phase-out rate
2	$42,426	0.00091733
3	$51,962	0.00078933
4	$60,000	0.00075733
5	$67,082	0.00072533
6	$73,485	0.00069334
7 or more	$79,373	0.00067200

TABLE 5

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

Column 1	Column 2	Column 3
Family size (number of persons)	Annual Income Threshold	Weekly phase-out rate
4	$60,000	0.00113600
5	$67,082	0.00108800
6	$73,485	0.00104001
7 or more	$79,373	0.00100800

TABLE 6

Income Threshold for Eligibility for Grants — Full-time Students

Column 1	Column 2	Column 3
Family size (number of persons)	Annual Income Threshold	Monthly phase-out rate
1	$30,000	0.0119
2	$42,426	0.0086
3	$51,962	0.0074
4	$60,000	0.0071
5	$67,082	0.0068
6	$73,485	0.0065
7 or more	$79,373	0.0063

TABLE 7

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

Column 1	Column 2	Column 3
Family Size (number of persons)	Annual Income Threshold	Annual Phase-out Rate
1	$35,429	0.079968
2	$50,104	0.057792
3	$61,365	0.049728
4	$70,859	0.047712
5	$79,222	0.045696
6	$86,784	0.043680
7 or more	$93,737	0.042336

TABLE 8

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

Column 1	Column 2	Column 3
Family Size (number of persons)	Annual Income Threshold	Monthly Phase-out Rate
2	$50,104	0.006421282
3	$61,365	0.005525296
4	$70,859	0.005301324
5	$79,222	0.005077338
6	$86,784	0.004853366
7 or more	$93,737	0.004703986

TABLE 9

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

Column 1	Column 2	Column 3
Family Size (number of persons)	Annual Income Threshold	Weekly Phase-out Rate
2	$50,104	0.00128426
3	$61,365	0.00110506
4	$70,859	0.00106026
5	$79,222	0.00101546
6	$86,784	0.00097068
7 or more	$93,737	0.00094080

TABLE 10

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

Column 1	Column 2	Column 3
Family Size (number of persons)	Annual Income Threshold	Weekly Phase-out Rate
4	$70,859	0.00159040
5	$79,222	0.00152320
6	$86,784	0.00145601
7 or more	$93,737	0.00141120

TABLE 11

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

Column 1	Column 2	Column 3
Family Size (number of persons)	Annual Income Threshold	Monthly Phase-out Rate
1	$35,429	0.01666
2	$50,104	0.01204
3	$61,365	0.01036
4	$70,859	0.00994
5	$79,222	0.00952
6	$86,784	0.00910
7 or more	$93,737	0.00882