If your cash resources are greater than the exemptions allowed, this will result in the refusal of your application or a reduction in the financial assistance that will be granted.
Your cash resources (i.e. your cash assets) include
- the amounts you have on hand or in a bank account;
- your short-term marketable assets, such as term deposits or savings bonds.
You may, under certain conditions, benefit from an exemption that allows you to deposit certain amounts in an account at a financial institution for a specific project. This is the Individual Development Account.
Funds in your possession at the time of your application
The maximum amount of money you can have at the time of your application depends on your situation and the composition of your family.
For a family comprising one adult and
- 0 dependent child, the maximum amount is $887;
- 1 dependent child, the maximum amount is $1,268;
- 2 dependent children, the maximum amount is $1,502;
- 3 or more dependent children, the maximum amount is $1,782, plus $280 for each additional dependent child.
In addition, an amount of $205 is added for each dependent child who receives the supplement for handicapped children from Retraite Québec.
For a family comprising two adults and
- 0 dependent child, the maximum amount is $1,319;
- 1 dependent child, the maximum amount is $1,573;
- 2 dependent children, the maximum amount is $1,807;
- 3 or more dependent children, the maximum amount is $2,087, plus $280 for each additional dependent child.
In addition, an amount of $205 is added for each dependent child who receives the supplement for handicapped children from Retraite Québec.
For a student's spouse and
- 0 dependent child, the maximum amount is $887;
- 1 dependent child, the maximum amount is $1,193;
- 2 dependent children, the maximum amount is $1,473;
- 3 or more dependent children, the maximum amount is $1,753, plus $280 for each additional dependent child.
In addition, an amount of $205 is added for each dependent child who receives the supplement for handicapped children from Retraite Québec.
The maximum amount for a minor who is accommodated is $887.
These amounts are increased and special treatment is applied if you are in one of the following situations:
- you only benefit from the claim slips (or drug card) granted for a limited period of time;
- you have completed participation in the Alternative jeunesse program or in a specific program (Support program for collectively dismissed workers, Support program for older workers or Financial support program for pregnant minors).
