A-13.1.1, r. 1 - Individual and Family Assistance Regulation

Section 177.115 Disposition versions

2023-01-01

177.115. In the case of a contravention of section 177.114, the Minister reduces, refuses or ceases to pay the basic income by including, in the income calculation, the value of the rights, property or liquid assets on the date of the waiver, disposal or squandering, after subtracting adequate consideration received and, for each month elapsed since that date and for not more than 2 years, an amount of $2,500.

For the purposes of the first paragraph, the value of the property or liquid assets to be considered corresponds each month,

(1)  for the adult’s property, to the amount exceeding $500,000 divided by 12;

(2)  for the adult’s liquid assets, to the amount exceeding $20,000; and

(3)  for the liquid assets of the adult’s spouse, to the amount exceeding $50,000.

O.C. 1140-2022, s. 45.