What You Contribute

To determine how much funding you are eligible to receive, we ask you about your financial resources. This is money that we expect you to use towards the cost of your education.

You DO NOT have to tell us about:

    • Savings
    • Registered Investments (RRSPs, TFSAs, or LIRAs) 
    • Salary, Part-time Earnings, Tips
    • Canada or Alberta Child Benefit
    • CPP Children’s Benefits
    • GST/Income Tax Refunds
    • Stipends from Assistantships

Monthly Resources

Tell us about:

    • Voluntary Contributions from Parents (including RESPs) 
      • Divide the total contribution for the year by the number of months you will be in school 
    • Alimony and/or Child Support you receive 
    • Employment Insurance 
    • Assured Income for the Severely Handicapped (AISH) 
    • Alberta Works Income Support Benefits
    • Workers’ Compensation Benefits
    • Indigenous and Northern Affairs Canada/Band Funds 
    • Income from Other Sources
      • Retirement Pensions, net rental property income, business income

 

Additional Resource Information

Tell us about:

    • Non-Registered Investments 
      • Mutual Funds, GICs, stocks, bonds, ETFs in non-registered accounts 

    • Scholarships/Bursaries/Fellowships 

    • Annual Resources Targeted To Your Education Costs 
      • Gifts or contributions from individuals other than your parent(s)

Flat Rate Contribution

You are expected to contribute to the cost of your education. Student Aid automatically applies a $1500 contribution when we calculate your eligibility for funding.

There is no expected contribution if you are:

    • a single parent, or 
    • receiving Assured Income for the Severely Handicapped (AISH), or 
    • receiving Alberta Works Income Support Benefits

What You Contribute - Canada Student Loans Assessment

The resources used by Canada student loans to calculate your eligibility are slightly different from the resources used by Alberta Student Aid.

To receive Canada loans and grants, you must be eligible to receive at least $1 using the Canada student loan assessment.

Canada Student Loan Assessment Resources

Used as a Resource:

    • Spouse/Partner Income
    • Parental Contribution based on income 
    • Scholarships/Bursaries/Fellowships
      • $1800 exempt

Not Used as a Resource: 

    • Income Support for you or your spouse/partner
    • Indigenous and Northern Affairs Canada/Band Funds 
    • Income from Other Sources
      • Retirement pensions, net rental property income, business income 
    • Child Support/Alimony you receive

Student Contribution – Canada Student Loans

The Canada student loan assessment calculates a minimum contribution from you. The contribution is based on your income (Line 150 from your last tax return) and your family size. The minimum contribution that may be included in your assessment is $1500 to a maximum of $3000.

There is no expected contribution if you:

    • have a dependent, or
    • have a permanent disability, or
    • are a current or former Ward of the Crown (foster or kinship care), or
    • have declared Indigenous Status

If you are receiving funding based on the Canada student loan assessment, you can calculate what your expected contribution would be using the worksheet:

Spouse/Common-Law Contribution

If you are married or common-law, an expected contribution from your spouse/partner will be included in the Canada student loan assessment. The contribution is based on your gross family income and your family size.

If you are receiving funding based on the Canada student loan assessment, you can calculate what your expected contribution would be using the worksheet: