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A-13.1.1, r. 1 - Individual and Family Assistance Regulation
Section 177.93
Disposition versions
177.93. An adult may apply to the Minister to reduce the amount of the value of property taken into consideration for the purposes of calculating the adult’s basic income, in the form and manner determined by the Minister.
The amount may be reduced if, for at least 1 month, the value of the property owned by the adult no longer exceeds the amount set in section 177.90.
The adult must not reasonably expect that the amount will exceed the amount of the exclusion before the end of the calendar year in which the decrease occurs.
A reduction of the amount taken into consideration is applicable, as the case may be,
(1) where the reduction occurs between 1 January and 30 April preceding the reference period and the value of the property no longer exceeds the amount set in section 177.90, as of the beginning of that period; or
(2) where the reduction occurs after 30 April of a year, from the second month following the month in which the value of the property no longer exceeds the amount set in section 177.90 and for the remainder of the reference period.
