BC Employment and Assistance Rate Tables
Assets
(Updated October 1, 2012)
| Description |
Item |
Maximum Amount |
| Asset exemptions |
Maximum cash surrender value for an uncashed life insurance policy to be exempt |
$1,500 |
| Motor vehicle (generally used for day-to-day transportation needs) |
One vehicle $10,000
Note: There is no limit on the value of a vehicle owned by recipients with the Persons with Disabilities designation. |
| Maximum for a reserve account established to meet anticipated future business expenses to be exempt |
$5,000 |
| Lifetime maximum for a non-discretionary trust fund to be exempt |
$200,000 |
| Asset levels |
Single person |
$2,000 |
| Couples or one- or two-parent families |
$4,000 |
Single person:
- applying for PWD designation,
- with confirmed PWD designation, or
- residing in special care facility
|
$5,000 |
Couples or one- or two-parent families, where one person:
- is applying for PWD designation,
- has confirmed PWD designation, or
- is residing in special care facility
|
$10,000 |
