Annual net income
 299. (1) In section 303, “annual net income” means the amount determined by the Director to be the resident’s annual net income, and subject to subsections (2) to (5), means the amount indicated on line 23600 of the resident’s Notice of Assessment issued under the Income Tax Act (Canada) for the resident’s most recent taxation year or on the resident’s proof of income statement (option “C” print) from the Canada Revenue Agency for the resident’s most recent taxation year minus, (a)  the taxes payable that were reported on line 43500 of the Notice of Assessment or on line 43500 of the proof of income statement (option “C” print), (b)  payments made under the Universal Child Care Benefit Act (Canada), (c)  payments from a registered disability savings plan, as defined in subsection 146.4 (1) of the Income Tax Act
(Canada), (d)  the death benefit payable under the Canada Pension Plan or a provincial pension plan as defined in the Canada Pension Plan, (e)  a lump sum representing income that was used to pay for the consumer contribution for an assistive device under the Assistive Devices Program administered by the Ministry of Health, up to the amount approved under that program, (f)  a lump sum representing income that was used to pay for the accommodation in a previous term, but that is determined by the Director to not be available to the resident in the current term, (g)  any amount payable for a period of time when the resident was not receiving a reduction in the amount payable for basic accommodation pursuant to section 303 that the Director has determined is not available to the resident in the current term, in an amount determined by the Director. (2) Where line 23600 of the Notice of Assessment or line 23600 of the proof of income statement (option “C” print) for the resident’s most recent taxation year does not include income that is required to be accessed from the following sources, the net amount from those sources shall be included in the determination of annual net income: 1.  All benefits, entitlements, supplements, settlements, or other financial assistance that the resident may be entitled to, or eligible for, from the Government of Canada, the government of any province or territory in Canada, any municipal government in Canada and any private policy of insurance. 2.  All benefits, entitlements, supplements, settlements or other financial assistance that the resident may be entitled to, or eligible for, from any foreign country. 3.  Any support payments due and owing to the resident under an agreement or court order for support existing at the time of the application, and that are determined by the Director to be reasonably collectible by the resident. 4.  In the case of a resident who is a sponsored immigrant, the financial support from the resident’s sponsor, pursuant to the sponsor’s undertaking to support the resident made under the Immigration and Refugee Protection Act (Canada). (3) Any benefits under the War Veterans Allowance Act (Canada) or Pension Act (Canada) or under the Veterans Health Care Regulations under the Department of Veterans Affairs Act (Canada) and any non-taxable benefits under the Canadian Forces Members and Veterans Re-establishment and Compensation Act (Canada) shall not be considered in determining annual net income. (4) Any benefits, entitlements, supplements, settlements or other financial assistance that the resident receives pursuant to an Act of the Parliament of Canada, legislature of a province or territory, or any foreign government, that are directed for a specified purpose and that the Director determines should not be considered in determining annual net income shall not be considered in determining annual net income. (5) Despite the requirement under section 303 to provide a Notice of Assessment or proof of income statement (option “C” print) for the most recent taxation year, where a resident was admitted to a home within the year before the application was submitted, and the resident has not been issued a Notice of Assessment, the Director may consider other supporting documentation demonstrating the resident’s income to determine the equivalent of the resident’s annual net income.