Ministry of Housing and Social Development BC Employment and Assistance Rate Tables
Assets (Updated May 15, 2008)
| Description | Item | Maximum Amount |
| Asset
exemptions |
Maximum
cash surrender value for an uncashed
life insurance policy to be exempt |
$1,500 |
| Maximum for a motor
vehicle to be exempt |
$5,000 |
| 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 |
$100,000 |
| Asset
levels |
Single person |
$1,500 (includes
$150 cash maximum for applicants) |
| Couples or one- or two-parent families |
$2,500 (includes
$250 cash maximum for applicants) |
Single person:
- applying for PWD designation,
- with confirmed PWD designation, or
- residing in special care facility
|
$3,000 |
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
|
$5,000 |
|
|
