A-13.1.1, r. 1 - Individual and Family Assistance Regulation

Section 177.104 Disposition versions

2023-01-01

177.104. The exclusion in paragraph 5 of section 177.103 applies if the sums accumulated are to allow an adult

(1)  to undergo training;

(2)  to purchase tools or equipment necessary for gainful employment;

(3)  to create self-employment or start an enterprise;

(4)  to purchase or repair a residence; or

(5)  to purchase an automobile.

In the case of an individual savings plan, the savings must begin during a month in which the adult is a recipient under a last resort financial assistance program, the Aim for Employment Program or the Basic Income Program, or is eligible to receive dental and pharmaceutical services pursuant to section 48. In addition, the adult must inform the Minister in writing of the adult’s savings plan before depositing the sums or at the latest by the last day of the month following the date of the deposit.

If the benefit paid for the month during which savings begin under an individual savings plan is later claimed in its entirety by the Minister, the exclusion applies, unless the claim is made following a false declaration, up to the date on which a formal repayment notice was sent by the Minister pursuant to section 97 of the Act.

O.C. 1140-2022, s. 45.