Sentences with phrase «prescribed asset requirements»
But recent changes to what is called prescribed asset requirements has freed this market from government prescription to a certain extent, with rates now generally higher than the inflation rate.
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Section 5 (1) of the Ontario Disability Support Program Act stipulates that «no person is eligible for income support unless... (c) the budgetary requirements of the person and any dependants exceed their income and their assets do not exceed the prescribed limits, as provided for in the regulations.»
The Regulation 28 requirements, which prescribe the maximum for various types of assets that may be held by retirement funds, have always limited the exposure to property by such funds to 25 % of total assets.