Waterloo Optometry: Are labs not considered as part of a full course load?

[Gurvir]

So I am a Kinesiology student going for optometry as one of my options (unusual I know). I was looking at Waterloo Optometry, and it stated: minimum of three years of full-time Bachelor of Science studies will be required to complete all of the prerequisite courses along with the BSc requirements. Three years is the equivalent of 30 four-month courses. At the University of Waterloo, that is 15.0 credits. Full-time means 5 courses per four-month term (not including labs) or semester with two terms per year.

This is strange to me, as taking 4 courses and 2 labs is 2.5 credits (4x0.5) + (2*0.25). Frankly these terms have had MORE work, especially when it comes to dealing with lab reports. Kinesiology is lab heavy. Many of my terms were like this, and I'll only have 5 terms with 5 courses, and a few terms with 4 courses and 2 labs which are still 2.5 credits. Does this make me ineligible, even though I have never had a term with less than 2.5 credits?