Other Resources

Student and Spouse/Partner Non-Registered Investments at the Start of Study Period (Previously referred to as ‘Financial Assets’)

Canada

Alberta

Exempt

Student and spouse/partner non-registered investments are used as a resource. Partial exemption may apply to non-registered investments, using the formulas below.

 

Examples of non-registered investments include non-registered mutual funds, guaranteed investment certificates (GICs), stocks, bonds, exchange-traded funds (ETFs), term deposits, and term investment certificates.

Do not include any type of investment in your registered accounts such as Registered Retirement Savings Plans (RRSPs), Tax Free Savings Accounts (TSFAs), and Locked-in Retirement Accounts (LIRAs), or any resources reported elsewhere on the application.

A non-registered investment will be used as a resource regardless of the source used to fund the purchase of the non-registered investment.

Example: Non-registered investments purchased using funds borrowed (e.g., line of credit) will be used as a resource. 

The inclusion of non-registered investments in the resource calculation may be waived if a student cannot access or borrow against them. The student must provide supporting documentation.

Provincial Non-Registered Investments Formula for Single Students and Students with a Spouse/Partner Who is Not Attending Post-Secondary Studies

If the value of the student’s non-registered investment is $2,000 or less, the actual amount of the non-registered investment reported is used as a resource.

If the value of the student’s (combined with spouse/partner’s, if applicable) non-registered investments are more than $2,000, the amount used as a resource is:

$2,000 +  Total Non-Registered Investments - $2,000
  Number of years remaining in program

Provincial Non-Registered Investments Formula for Students with a Spouse or Partner Who is Also Attending Post-Secondary Studies

If the combined value of the student’s non-registered investment is $4,000 or less, half of the total combined non-registered investment amount is used as a resource for each student. 

If the combined value of the student’s and spouse/partner’s non-registered investments is more than $4,000, the amount used as a resource is:

Total Combined Non-Registered Investments/2
Number of years remaining in program

Annual Resources Targeted to Educational Costs

Canada

Alberta

Financial contributions from employers or family members other than parents received to help with education and living costs during studies.

Exempt

 

Parental Contributions should be reported in the Voluntary Contributions from Parents field on the application.

Student Scholarships/Bursaries/Fellowships

Canada

Alberta

Full value, less an exemption of $1,800 each loan year.

Exempt