What does or doesn't count toward the $10,000 asset ceiling?

• Stocks/ Bonds/ Term Deposits/ Mutual Funds 

• Cash

•  Business Equity - equity value in private incorporated company of Cash, GIC’s bonds, stocks or real estate held by company 

• Vehicles

• Bursaries or scholarships from educational institutions for any household member that is a current student

• Registered Education Savings Plans (RESPs) and Registered Retirement Savings Plans (RRSPs)

• Personal affects; e.g. vehicles, jewellery, furniture

• Trade and business tools essential to continue currently active employment; e.g. farm equipment, vehicle

• Asset Development Accounts; savings programs that are designed to assist individuals to achieve savings for the purposes of future self-sufficiency or future enhanced self-sufficiency. Such assets are excluded for the period that the applicant is participating in the asset development account program.

• Assets derived from compensatory packages from government (examples include: Indian Residential School Settlements and Japanese Canadian Redress)