Need assessment tables for student loans

These tables help full-time students determine whether or not they are eligible for a student loan.

Table 3: Student living allowances for loan year 2016-2017

Living situations NL PE NS NB QC ON MB SK AB BC YT NT NU
Single student away from home
Shelter (2 bedroom apt. inc. utilities shared by two) 460 427 484 438 411 577 475 548 462 766 574 791 793
Food (purchased from stores) 256 233 237 234 264 259 243 249 271 246 292 296 296
Miscellaneous (personal & health care, clothing,  H/H cleaning, communications) 224 247 239 228 308 279 291 299 325 301 303 312 313
Local public transportation 66 65 66 68 46 82 84 72 70 95 62 68 68
Total monthly allowance 1,006 972 1,026 968 1,029 1,197 1,093 1,168 1,128 1,408 1,231 1,467 1,470
Single parent (no dependent considered)
Shelter (1 bedroom apartment including utilities) 796 713 817 765 688 930 668 963 733 1,196 1,043 1,246 1,249
Food (purchased from stores) 256 233 237 234 264 259 243 249 271 246 292 296 296
Miscellaneous (personal & health care, clothing,  H/H cleaning, communications) 224 247 239 228 308 279 291 299 325 342 303 312 313
Local public transportation 66 65 66 68 46 82 84 72 70 95 62 68 68
Total monthly allowance 1,342 1,258 1,359 1,295 1,306 1,550 1,286 1,583 1,399 1,879 1,700 1,922 1,926
Married student & spouse (no dependent considered)
Shelter (2 bedroom apartment including utilities) 923 840 971 868 821 1,150 867 1,097 922 1,686 1,146 1,580 1,584
Food (purchased from stores) 457 466 475 468 469 472 441 453 490 493 584 474 475
Miscellaneous (personal & health care, clothing,  H/H cleaning, communications) 446 492 479 455 490 506 558 570 619 504 604 507 508
Local public transportation 132 134 132 135 92 162 170 156 143 190 124 136 136
Total monthly allowance 1,958 1,932 2,057 1,926 1,872 2,290 2,036 2,276 2,174 2,873 2,458 2,697 2,703
Each dependent person
Shelter 126 175 200 162 150 247 185 134 164 249 173 340 341
Food (purchased from stores) 182 190 192 189 219 203 188 193 210 204 239 236 237
Miscellaneous (personal & health care, clothing) 99 72 71 68 116 105 132 135 148 119 91 108 109
Local public transportation 66 65 66 68 46 82 84 60 70 95 62 68 68
Total monthly allowance 473 502 529 487 531 637 589 522 592 667 565 752 755
Single student living at home
Shelter 0 0 0 0 0 0 0 0 0 0 0 0 0
Food (purchased from stores) 182 231 237 234 219 203 188 193 210 204 292 236 237
Miscellaneous (personal & health care, clothing) 191 188 175 162 219 213 232 238 259 223 201 253 254
Local public transportation 66 65 66 68 46 82 84 72 70 95 62 68 68
Total monthly allowance 439 484 478 464 484 498 504 503 539 522 555 557 559

Table 4: Monthly ceiling for child care expenses for loan year 2016-2017

Province/Territory Monthly ceilings per child
Newfoundland and Labrador 817
Prince Edward Island 429
Nova Scotia 476
New Brunswick 600
Quebec 391
Ontario 357
Manitoba 460
Saskatchewan 400
Alberta 1,200
British Columbia 1,153
Yukon 750
Northwest Territories 660
Nunavut 660

Table 5: 2016 provincial and territorial minimum wages and 2014 average number of weekly work hours (for assessing student's contributions for the loan year 2016-2017)

Item NL (1) PE (2) NS (3) NB (4) QC (5) ON (6) MB (7) SK(8) AB (9) BC (10) YT (11) NT (12) NU (13)
Minimum Wages
(as of July 1, 2015)
$10.50 $10.75 $10.70 $10.65 $10.75 $11.25 $11.00 $10.50 $11.20 $10.45 $10.86 $12.50 $11.00
# of Weekly Work Hours 31.5 29.7 29.5 30.8 29.4 29.5 29.1 29.1 30.9 28.5 28.0 30.4 29.1

Effective dates of provincial minimum wage

  • (1) Newfoundland and Labrador: 01-Oct-2015
  • (2) Prince Edward Island: 01-Jun-2016
  • (3) Nova Scotia: 01-Apr-2016. On April 1 of each year this rate is adjusted by the percentage change in the projected annual Consumer Price Index for Canada in the preceding calendar year, rounded to the nearest $0.05;
  • (4) New Brunswick: 01-Apr-2016
  • (5) Quebec: 01-May-2016
  • (6) Ontario: 01-Oct-2015
  • (7) Manitoba: 01-Oct-2015
  • (8) Saskatchewan: 01-Oct-2015
  • (9) Alberta: 01-Oct-2015
  • (10) British Columbia: 15-Sept-2015
  • (11) Yukon: 01-April-2015. On April 1 of each year, the rate will increase by an amount corresponding to the annual increase for the preceding year in the Consumer Price Index for the city of Whitehorse.
  • (12) Northwest Territories: 01-June-2015 (Applies to all employees in the Northwest Territories)
  • (13) Nunavut: 01-January-2011 (Applies to all employees in Nunavut)

Source for Provincial Minimum Wages

Source for # of Weekly Work Hours: Statistics Canada CANSIM Table 281-0033:

Table 6: Average tax ratesFootnote 1 (for assessing student's and spousal contributions for loan year 2016-2017)

Table 6-A: Student's monthly income during pre-study period

Items covered Monthly income classFootnote 2
$1
to
$1,499
$1,500
to
$2,999
$3,000
to
$4,499
$4,500
to
$5,999
$6,000
and
over
(Average federal & provincial income tax + CPP + EI)/Average gross income expressed as a percentage 6.83% 7.06% 7.88% 9.99% 12.82%

Note: Pre-study income is based upon minimum wages and weekly hours worked.

  1. It is assumed that all income for the tax year is earned in the 4 month pre-study period.
    For example, the pre-study period income at 11 dollars/hour would be equal to 11 x 30 x 4.3 x 4 = $5,676.
  2. Only CPP (4.95%) and EI (1.88%) deductions would apply to total income under $11,474 per year, and income tax will not be payable due to personal exemption limit & other deductions.

Table 6-B: Student's monthly income during the study period

Items covered Monthly income classFootnote 3
$1
to
$749
$750
to
$1,499
$1,500
to
$2,249
$2,250
to
$2,999
$3,000
to
$3,749
$3,750
and
over
(Average Federal & Provincial Income Tax + CPP + EI)/Average Gross Income expressed as a percentage 6.83% 7.06% 7.88% 9.99% 12.82% 16.17%

Note: The student's income during the study period is based on the student's monthly income over the study period (up to 8 months). Assuming an 8 month study period and a monthly income of $500, this would result in a study period income of $4,000 ($500 x 8 months) which would be subject to an average tax rate of 6.83%.

Table 6-C: Monthly income of student and spouse (where spouse is not in full time studies) earned during both pre-study and study periods

Province/Territory Monthly income classFootnote 4
$1
to
$499
$500
to
$999
$1,000
to
$1,499
$1,500
to
$1,999
$2,000
to
$2,499
$2,500
to
$3,999
$4,000
and
over
Newfoundland 6.83% 7.17% 8.32% 11.76% 14.55% 18.18% 27.62%
Prince Edward Island 6.83% 7.30% 8.90% 12.50% 15.57% 19.08% 26.34%
Nova Scotia 6.83% 7.25% 8.60% 11.49% 14.67% 18.60% 27.62%
New Brunswick 6.83% 7.12% 8.24% 11.20% 14.55% 18.19% 25.91%
QuebecFootnote 5 6.83% 6.94% 7.58% 9.23% 11.27% 13.59% 19.51%
Ontario 6.83% 7.05% 7.88% 10.22% 13.51% 17.07% 27.70%
Manitoba 6.83% 7.27% 8.87% 11.86% 15.37% 19.45% 27.49%
Saskatchewan 6.83% 7.09% 7.84% 10.02% 13.18% 17.41% 26.83%
Alberta 6.83% 7.22% 7.97% 9.65% 12.65% 16.89% 27.29%
British Columbia 6.83% 7.08% 7.83% 9.59% 12.24% 15.79% 24.73%
Yukon 6.83% 7.38% 7.81% 9.67% 12.43% 15.95% 23.87%
Northwest Territories 6.83% 7.12% 8.20% 9.97% 12.36% 16.14% 25.96%
Nunavut 6.83% 7.45% 7.65% 9.55% 11.18% 14.54% 24.78%
Canada 6.83% 7.06% 7.88% 9.99% 12.82% 16.17% 25.62%

Source: CRA, Corporate Strategies and Business Development Branch, Statistics and Information Management Directorate, Statistics Division, T1 Datamart.

Student's total income: The total income includes pre-study period income and study-period income. In our example, the student's total income would be $9,676 ($5,676 pre-study period income + $4,000 study-period income). The Canadian average rate of income taxes + CPP + EI for the corresponding average monthly income of $806 is 7.06% (consult Table 6-C).

The 2016 EI premium rate is $1.88 per $100 of insurable earnings. The maximum insurable earnings for 2016 is $50,800.

The 2016 CPP employee contribution rate is $4.95 per $100 of insurable earnings.

The maximum pensionable earnings for 2016 is $54,900 and the basic exemption is $3,500.

Table 7: Student contributions for loan year 2016-2017

Minimum monthly contribution - Pre-study period
Student categories NL PE NS NB QC ON MB SK AB BC YT NT NU
Single living away from home (dependent or independent) 319 307 239 346 237 133 189 56 259 0 0 52 0
Single parent with child(ren) 0 21 0 19 0 0 0 0 0 0 0 0 0
Married student with family size
2 (student and spouse)
671 598 448 682 650 354 501 159 582 0 0 322 0
Married student with family size
3 (student, spouse and 1 dependent)
198 96 0 195 119 0 0 0 0 0 0 0 0
Single student at home (dependent or independent) 886 795 787 850 782 832 778 721 848 671 663 962 723
Minimum monthly married
Student contribution (MMSC)
Study period

Category

NL

PE

NS

NB

QC

ON

MB

SK

AB

BC

YT

NT

NU

Spouse of the married student (not applying for CSL)

1,304 1,251 1,241 1,294 1,256 1,315 1,254 1,211 1,369 1,180 1,205 1,500 1,271

Table 8: Moderate standard of living estimates by family size for loan year 2016-2017

Family size NL PE NS NB QC ON MB SK AB BC YT NT NU
2 persons 36,584 37,456 41,582 36,990 41,746 48,406 41,179 41,796 51,583 44,219 49,402 51,071 49,442
3 persons 45,707 47,618 51,743 45,903 52,761 60,096 51,573 52,350 61,827 57,445 58,064 60,026 58,111
4 persons 52,827 54,830 58,947 52,228 60,571 68,391 58,946 59,833 69,091 66,826 64,210 66,380 64,262
5 persons 58,347 60,421 64,538 57,133 66,637 74,828 64,669 65,640 74,731 74,102 68,978 71,309 69,033
6 persons 62,861 64,991 69,107 61,140 71,585 80,079 69,346 70,387 79,334 80,048 72,878 75,342 72,937
7 persons 66,674 68,854 72,969 64,530 75,773 84,528 73,298 74,397 83,229 85,078 76,170 78,744 76,231
8 persons 69,981 72,199 76,318 67,464 79,400 88,374 76,720 77,870 86,605 89,435 79,026 81,696 79,089
9 persons 72,895 75,154 79,268 70,053 82,600 91,769 79,740 80,934 89,579 93,275 81,541 84,296 81,605
10 persons 75,502 77,790 81,909 72,365 85,461 94,811 82,437 83,676 92,245 96,709 83,793 86,623 83,859

Table 9: Weekly parental contributions for loan year 2016-2017

Discretionary income ($) Weekly contribution ($)
0.01-500.00 1
500.01-1,000.00 3
1,000.01-1,500.00 4
1,500.01-2,000.00 6
2,000.01-2,500.00 7
2,500.01-3,000.00 9
3,000.01-3,500.00 10
3,500.01-4,000.00 12
4,000.01-4,500.00 13
4,500.01-5,000.00 14
5,000.01-5,500.00 16
5,500.01-6,000.00 17
6,000.01-6,500.00 19
6,500.01-7,000.00 20
7,000.01-7,500.00 22
7,500.01-8,000.00 24
8,000.01-8,500.00 26
8,500.01-9,000.00 28
9,000.01-9,500.00 30
9,500.01 - 10,000.00 32
10,000.01-10,500.00 34
10,500.01-11,000.00 36
11,000.01-11,500.00 38
11,500.01-12,000.00 39
12,000.01-12,500.00 41
12,500.01-13,000.00 43
13,000.01-13,500.00 45
13,500.01-14,000.00 47
14,000.01-14,500.00 51
14,500.01-15,000.00 55
15,000.01-15,500.00 59
15,500.01-16,000.00 63
16,000.01-16,500.00 66
16,500.01-17,000.00 70
17,000.01-17,500.00 74
17,500.01-18,000.00 78
18,000.01-18,500.00 82
18,500.01-19,000.00 86
19,000.01-19,500.00 89
19,500.01-20,000.00 93
20,000.01-20,500.00 97
20,500.01-21,000.00 101
21,000.01-21,500.00 105
21,500.01-22,000.00 109
22,000.01-22,500.00 113
22,500.01-23,000.00 116
23,000.01-23,500.00 120
23,500.01-24,000.00 124
24,000.01-24,500.00 128
24,500.01-25,000.00 132
25,000.01-25,500.00 136

Weekly parental contribution formula

If annual discretionary
income equals
Weekly parental contribution equals
0 - 7,000 (15.0% of DI)/52
7,001- 14,000 ($1,050+ 20.0%
of (DI - $7,000))/52
over 14,000 ($2,450 + 40.0% *
(DI - $14,000))/52

* Note: DI = Discretionary Income

Table 10A: Low income thresholds for determining eligibility for Canada Student Grants for loan year 2016-2017

Low income thresholds (for pre-tax incomes)
Family size Province Territory
AB BC MB NB NL NS ON QC PEI SK YT NT NU
1 person 24,880 24,144 24,921 20,937 21,205 21,041 24,747 24,400 20,975 21,512 24,362 24,790 24,690
2 persons 30,976 30,059 31,027 26,064 26,397 26,194 30,811 30,378 26,111 26,781 30,329 30,863 30,738
3 persons 38,081 36,955 38,143 32,041 32,451 32,203 37,878 37,345 32,102 32,924 37,287 37,943 37,789
4 persons 46,234 44,866 46,310 38,904 39,400 39,099 45,987 45,343 38,976 39,975 45,270 46,066 45,879
5 persons 52,439 50,887 52,524 44,123 44,687 44,344 52,159 51,427 44,205 45,338 51,345 52,248 52,036
6 persons 59,142 57,392 59,238 49,765 50,400 50,015 58,827 57,999 49,856 51,134 57,908 58,926 58,687
7 or more 65,846 63,898 65,953 55,405 56,112 55,683 65,495 64,574 55,507 56,929 64,472 65,606 65,339

Note: The low-income table is to be used in determining eligibility for grants for students from low-income families (CSG-LI), grants for part-time studies (CSG-PT), and grants for full-time and part-time students with dependents (CSG-FTDEP, CSD-PTDEP).

Table 10B: Middle income thresholds for determining eligibility for Canada Students Grants for loan year 2016-2017

Middle income thresholds (for pre-tax income)
Family Size Province Territory
AB BC MB NB NL NS ON QC PE SK YT NT NU
1 person 48,008 41,898 38,504 33,850 34,181 38,693 44,751 38,795 35,382 38,166 45,768 46,593 46,363
2 persons 67,212 58,659 53,904 47,392 47,855 54,172 62,652 54,315 49,534 53,433 64,075 65,229 64,907
3 persons 80,560 76,206 67,511 58,810 59,788 67,407 77,779 68,645 62,973 66,926 75,309 76,665 76,287
4 persons 90,022 88,651 77,163 66,914 69,104 76,792 88,515 78,806 72,511 76,492 83,282 84,782 84,363
5 persons 97,373 98,303 84,655 73,198 76,325 84,075 96,846 86,699 79,904 83,912 89,464 91,075 90,626
6 persons 103,372 106,191 90,777 78,331 82,229 90,029 103,643 93,138 85,950 89,982 94,525 96,226 95,752
7 persons or more 108,446 112,862 95,950 82,674 87,218 95,060 109,401 98,585 91,055 95,108 98,793 100,572 100,076

Note: The middle income table above is also used in determining part-time loans eligibility.

Student assets and, where applicable, spousal assets included

Assets included Description Exemption ($)
Financial assets RRSPs 2,000
Other financial assets nil -

RRSPs: Annual exemption of $2,000 for RRSP applies to each year that the student (or spouse/common-law partner) has been out of secondary school.

Parental assets included: Parental assets are assessed at the discretion of the appropriate authority.

Report a problem or mistake on this page
Please select all that apply:

Privacy statement

Thank you for your help!

You will not receive a reply. For enquiries, contact us.

Date modified: