164.1. Subject to the total amount provided for in the first paragraph of section 164, income from assets referred to in subparagraph 4 of the first paragraph of that section, excluding an immovable, is deemed to be liquid assets referred to in that subparagraph, up to $950 per month.
The exclusion in the first paragraph applies only if, during the month in which the income is received for the first time, the independent adult or the family is a recipient under a last resort financial assistance program, otherwise than pursuant to section 49 of the Act, the Aim for Employment Program or the Basic Income Program, or the independent adult or the family is eligible to receive the special benefit for dental and pharmaceutical services pursuant to section 48 of this Regulation. Despite the foregoing, if the benefit paid for that month is later claimed in its entirety by the Minister, the exclusion applies, unless the claim is made following a false declaration, up to the date on which a formal repayment notice was sent by the Minister, pursuant to section 97 of the Act.
In addition, the exclusion in the first paragraph continues to apply the first time the income is converted into property.
1085-2017O.C. 1085-2017, s. 161; 1509-2021O.C. 1509-2021, s. 41; 1694-2023O.C. 1694-2023, s. 211.