Resources Not to be Reported on Application

The following resources do not need to be reported on student aid applications as they are fully exempted when calculating eligibility for Canada and Alberta student aid: 

  • Canada COVID-19 supports including the Canada Emergency Response Benefit (CERB), Canada Emergency Student Benefit (CESB), and the Canada Student Service Grant (CSSG)
  • student and spouse/partner employment income
  • part-time wages and tips
  • assistantships
  • stipends
  • student and spouse/partner savings. Savings are funds held in deposit or savings accounts that are under the ownership, custody and control of an individual or individuals. Examples of savings include daily interest savings, foreign currency accounts, personal chequing accounts, and Tax Free Savings Accounts (TFSAs).
  • student and spouse/partner registered investments including RRSPs, TFSAs, and LIRAs
  • student and spouse/partner lines of credit
  • precious metals and debentures
  • child benefits, e.g. Canada child benefit (CCB), Universal Child Care Benefit (UCCB), provincial/territorial child benefits including the Alberta Child Benefit (ACB), the Canada Pension Plan (CPP) Disabled Contributor’s Child Benefit, and the CPP Surviving Child’s Benefit
  • income tax refunds
  • refundable tax credits such as GST Credit, Provincial Sales Tax Credits, Property Tax Credits, Alberta’s Carbon Levy Rebate, Alberta Family Employment Tax Credit, BC Energy Rebate, Ontario Tax Payer Dividend, and Working Income Tax Benefit
  • Hepatitis ‘C’ Compensation
  • compensation paid by a government for having been infected with HIV through the blood supply
  • compensation paid by the Province of Ontario to individuals who suffered harm while living at government operated developmental services facilities between the 1960s and 1990s 
  • any payments made under the Indian Residential Schools Settlement Agreement (Canada)
  • any payments made to Indigenous People due to land claim settlements, including non-registered investments purchased using land claim payments
  • money received under a program of the Government of Canada or Alberta for home repairs or renovations
  • benefits paid under the Alberta Victims of Crime Act and Regulation (Alberta)
  • payments received under the Victims Restitution and Compensation Payment Act (Alberta) that are allocated as compensation for specific costs
  • those portions of insurance payouts or settlements allocated as compensation for specific costs, including disability insurance benefits and Workers’ Compensation Benefits
  • Registered Disability Savings Plan (RDSP) accounts
  • Canada Pension Plan (CPP) Death Benefit
  • similar payments and benefits may be fully exempt at the discretion of Alberta Student Aid.