cp 49-055 benefit determinations - Department of Public Social ...
cp 49-055 benefit determinations - Department of Public Social ...
cp 49-055 benefit determinations - Department of Public Social ...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
CP <strong>49</strong>-035 Income<br />
CP <strong>49</strong>-035.1<br />
Definition <strong>of</strong> Income<br />
What is Income?<br />
“Anything” that a person receives in cash or in-kind that can<br />
be used to meet the person’s need for food, shelter and<br />
clothing.<br />
“Something” a person can use to get food, clothing or<br />
shelter.<br />
EXAMPLE:<br />
If a person receives a non-cash gift that can be converted to<br />
cash, such as a piece <strong>of</strong> jewelry, it could be used for food,<br />
clothing or shelter. Therefore, the item’s current market value is<br />
considered income.<br />
What is countable income?<br />
Countable income is the individual’s gross income, plus that <strong>of</strong><br />
a spouse or ineligible parent, minus any exclusion.<br />
Countable income is used to determine eligibility and the<br />
amount <strong>of</strong> the CAPI payment.<br />
NOTE: To be eligible for CAPI, a non-citizen’s or couple’s<br />
countable income must be lower than the appropriate<br />
CAPI payment standard.<br />
See CP <strong>49</strong>-035 - Income - for more information<br />
CP <strong>49</strong>-035.2<br />
Types <strong>of</strong> Income<br />
How many types <strong>of</strong> income are there?<br />
There are three types <strong>of</strong> income:<br />
Earned<br />
Unearned and<br />
In-kind<br />
See Income-About/Types for LEADER Procedures<br />
CP <strong>49</strong>-035.3<br />
Earned Income (EI)<br />
What is considered Earned Income?<br />
Earned income includes wages, net earnings from selfemployment,<br />
wages for work performed in a sheltered<br />
workshop, in-kind earned income, royalties and honoraria.<br />
Wages are counted for each month when they are received.<br />
The monthly average <strong>of</strong> the annual net self-employment income<br />
(SEI) is counted for each month <strong>of</strong> the taxable year.<br />
See Income – Earned for LEADER Procedures.