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Assets in Excess


Overview

Effective: April 19, 2004

Hardship assistance is provided to meet the essential needs of any of the following who meet all conditions of eligibility except they have assets in excess of specified exemption levels, and the assets are not immediately available:

  • family units with dependent children
  • family units where all adults are over 65 or have persons with persistent multiple barriers status

This category of hardship assistance is called Assets in Excess.

Hardship assistance is provided on a temporary basis, for only one month. If further hardship assistance is required, eligibility must be re-established each month.

Hardship assistance in this category is limited to three consecutive months during which time clients are expected to avail themselves of their excess asset. Once a family unit has received hardship assistance for three consecutive months without having availed themselves of this asset, they are not eligible for any additional hardship assistance in any of the duration limited categories for a period of three consecutive months.

Assets in Excess is available to applicants and recipients under the Employment and Assistance Regulation and Employment and Assistance for Persons with Disabilities Regulation.