52. An independent adult or a family who, on the date of application, owns liquid assets in excess of an amount established as follows, is ineligible under the Social Assistance Program:
Number of Number of Liquid assets
adults dependent children
1 0 $887
1 1 $1,268
1 2 $1,502
2 0 $1,319
2 1 $1,573
2 2 $1,807
The amount is increased by $270 for the third dependent child and for each additional child. Liquid assets owned by the family of an ineligible student’s spouse may not exceed $887, which is increased by $294 for the first dependent child and by $270 for each additional child. The amounts are also increased by $198 for any dependent child receiving a supplement for handicapped children under the Taxation Act (chapter I-3). In the case of a woman who is a minor sheltered with her dependent child, the liquid assets owned on the date of application may not exceed $887.
O.C. 1073-2006, s. 52; O.C. 1096-2006, s. 1; O.C. 1064-2007, s. 1; O.C. 1145-2008, s. 1; O.C. 1279-2009, s. 1; O.C. 1026-2010, s. 1.