As funds are limited, not everyone who is eligible will receive a subsidy. At present, combined annual gross household income must not exceed $129,500, but this figure may be adjusted from time to time by the ICAP Fund Approval Team.
The ICAP Fund is aimed at ensuring that those who need it the most, will receive the most. As noted above, eligibility for a subsidy depends on the size of your family and your family’s income. The size of family is defined as all individuals supported by the family income, including: (a) adults living in the home; (b) children; and (c) adults 21 years of age and under who are attending a post-secondary educational program and living away from home.
Income includes salary from employment or workers’ compensation, pension income and social benefit incomes, such as the Child Benefit Tax Credit, Employment Insurance or Social Assistance. Please list income for all members of your family being supported.