Appendix 1


Why am I being asked to complete Appendix 1: Parent(s)/Step-parent/Sponsor/Legal Guardian Information?

A student you know with Dependent status has applied for student financial assistance and must have their parent(s)/step-parent/sponsor/legal guardian complete Appendix 1. Appendix 1 asks for information about your personal finances. This information is used to determine how much you may be required to contribute towards the student’s education.

The applicant will have access to information provided on your Appendix 1.

If the student is a permanent resident under sponsorship, the sponsor must complete Appendix 1.

If the student’s parents are separated or divorced, or if the parent is single, Appendix 1 must be completed by the parent who is the student’s main financial supporter.

Federal Policy
A financial contribution (based on federal policy) may be expected from a parent(s)/ step-parent/sponsor/legal guardian, based on family size, income, assets and allowable income deductions. The contribution formula takes into account parent(s)/step-parent/sponsor/legal guardian’s total income as declared on line 150 of their latest income tax return, less income taxes payable, Canada Pension Plan contributions, employment insurance contributions and a moderate standard of living. The income remaining following the deductions of these amounts is called “discretionary income.”

ALL INFORMATION IS SUBJECT TO AUDIT AND VERIFICATION


Q06. Marital status of parent(s)/step-parent/sponsor/legal guardian.

If you have remarried or are in a common-law relationship, your partner must provide his or her financial information. If you are separated, divorced or single, Appendix 1 must be completed by the parent who has legal responsibility for the applicant’s post-secondary education and/or is the main financial supporter.


Q20. Is the address of Parent 2 the same as previously entered for Parent 1?

Select “YES” to copy Parent 1 address to Parent 2.


Q34. How much will you and your spouse/common-law partner be giving the student during this study period: Money, total cashed Registered Education Savings Plans (RESPs) and scholarship trust funds

A parent or guardian may wish to contribute funds toward the applicant's educational costs over and above amount they are assessed to contribute as part of a student's resource assessment. Enter total money given to the student for this study period, including the total amount of cashed Registered Education Savings Plans (RESPs) and scholarship trust funds.


Q35. Enter your reported total income from line 150 of your 2016 income tax return. If you did not file a 2016 income tax return, enter your total income from all sources both inside AND outside of Canada.

Enter the amount from line 150 of your 2016 income tax return. The amount you report will be checked against Canada Revenue Agency (CRA) records. If the amount you report is different from CRA records, CRA data will be used in the applicant’s need assessment calculation. If your previous year total income (as reported on Line 150 of your 2016 tax return) changes, a reassessment of the applicant’s financial assistance application will be required. If you did not file a Canadian Income Tax Return for 2016, enter your total 2016 income from all sources both inside and outside Canada, which includes employment, pension investment, rental, RRSP, foster parent, net professional income, workers’ compensation, employment insurance and disability assistance. Convert foreign currency into Canadian dollars. StudentAid BC receives regularly updated information from CRA and may, after the point of initial StudentAid BC application assessment, compare income amount(s) declared on the application against CRA records, to ensure that the applicant’s financial need remains up-to-date and accurate.


Q36. Enter the total net value of all Canadian and foreign assets (do not include RRSPs, principal residence or business).

Include the net value of all Canadian and foreign assets, including term deposits, stocks, bonds, GICs, bank accounts, rental properties, etc. Do not include RRSPs, principal residence, business assets, vehicles or household items.


Q37. Total Income Tax from line 435.

Refer to your 2016 income tax return to determine the amounts deducted for income taxes. If no deductions, you must enter ‘0’ on appropriate lines.


Q38. Canada Pension Plan contributions (CPP) from line 308 (contributions payable on self-employment and other earnings).

Refer to your 2016 income tax return to determine the amounts deducted for Canada Pension Plan contributions. If no deductions, you must enter ‘0’ on appropriate lines.


Q39. Canada Pension Plan contributions (CPP) from line 310 (contributions payable on self-employment and other earnings).

Refer to your 2016 income tax return to determine the amounts deducted for Canada Pension Plan contributions. If no deductions, you must enter ‘0’ on appropriate lines.


Q40. Employment Insurance (EI) from line 312.

Refer to your 2016 income tax return to determine the amounts deducted for employment insurance contributions. If no deductions, you must enter ‘0’ on appropriate lines.


Q41. Do you have any eligible dependants as defined within the help?

For StudentAid BC purposes, eligible dependants are any dependants for whom you receive the Canada Child Tax Benefit or for whom you claim a benefit on your 2016 income tax return. Eligible dependants include:

  • your child(ren) under 19 years of age as of the start of the applicant's classes, for whom you have custody or provide care (they live with you) at least two days per week during the applicant's entire study period; or
  • your child(ren) age 19 or over who are dependent full-time students; or
  • your permanently disabled child(ren) age 19 or over, who you fully support and declare on your income tax return; or
  • your foster children, if foster parent income is claimed on Appendix 1 on line 35; or
  • your elderly relatives who you fully support and declare on your income tax return.

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