This section applies to the management of active files.
The basic exclusions for liquid assets are:
No adult with SLCE |
At least one adult with SLCE |
Adult with SLC - 66/72 |
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These basic exclusions are increased of the following amounts for each minor dependent child (except in the case of a minor sheltered with her child) by:
Number of children |
Single-parent family |
Two-parent family | Student spouse family |
1 2 Each subsequent | $ 517 $ 830 $ 322 | $ 343 $ 656 $ 322 | $353 $675 $322 |
These basic exclusions are increased :
- by $236 for each dependent child who receives the supplement for handicapped children paid by the the Taxation Act.
- by $179 for any dependent child over the age of majority attending a general secondary school.
These exclusions are separate from the exclusions allowed for property, and the calculation for each of these categories is done completely independently.
In certain circumstances monies will INCREASE the EXCLUSIONS from liquid assets if they are used within the TIME allowed. These increases to the exclusions may be for a limited (see 3.3.4) or unlimited time (see 3.3.5).
EXAMPLE
Liquid assets on the last day of the month | 3 200 $ | |
Basic exclusion:
+2 adults, 2 minor children
| $ 2 500
$ 656
|
- $ 3156 |
| Surplus liquid assets | = 44 $ | |