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

Section 177.97 Disposition versions

2023-01-01

177.97. The value of all the following property is excluded for the purposes of calculating the basic income:

(1)  the value of a residence or a working farm;

(2)  the value of a residence or farm belonging to an adult with no spouse who no longer resides in the residence or operates the farm since being sheltered or taken in charge by an intermediate resource or a foster home, for a period of not more than 2 years after the sheltering or taking in charge;

(3)  the value of a residence belonging to an adult who no longer resides in the residence for health reasons, for a period of not more than 2 years after the move;

(4)  the value of the residence belonging to an adult who no longer resides in the residence because of a separation, for a period of not more than 2 years after the date on which family mediation or a judicial proceeding was commenced to the date on which the court decides the right of ownership or, if applicable, the date on which the court confirms or approves an agreement between the parties;

(5)  the value of property used for self-employment or in the operation of a farm;

(6)  the principal from an indemnity paid as compensation for immovable property following expropriation, a fire or other disaster, an act of war, an attack or an indictable offence if used within 2 years after it is received to repair or replace the immovable property or in the operation of an enterprise; and

(7)  the principal from an indemnity paid as compensation for immovable property following a fire or other disaster, an act of war, an attack or an indictable offence if used within 90 days after it is received;

(8)  the principal from the sale of a residence if used to purchase a new residence or have a residence built within 6 months of the sale.

O.C. 1140-2022, s. 45.