39Amount of grant

39 Amount of grant

(1) In ascertaining the amount of a grant to a sole applicant or to joint applicants, the succeeding provisions of this section apply. (2) Subject to this section, the amount of the grant is $2,500. (4) Subject to this section, where the amount of the prescribed earnings exceeds the lower relevant amount but does not exceed the higher relevant amount, the amount of the grant is the amount ascertained in accordance with the formula: Image unavailable in extracted text where:

a is the amount that, but for this subsection and subsections (6) and (7), would be the amount of the grant;

b is the higher relevant amount;

c is the amount of the prescribed earnings; and

d is the lower relevant amount.

(5) For the purposes of subsection (4): (a) the lower relevant amount is $18,900 or, if the regulations otherwise provide, such amount as is ascertained in accordance with the regulations; and (b) the higher relevant amount is $21,700 or, if the regulations otherwise provide, such amount as is ascertained in accordance with the regulations. (6) Where, but for this subsection, the amount of the grant would include a fraction of a dollar, then: (a) if the fraction is less than one‑half—the fraction shall be disregarded; or (b) in any other case—the fraction shall be treated as a dollar. (7) The grant shall not be made if the amount ascertained in accordance with this section is less than $10.