Tuesday March 22, 2016 | 2016 Federal Budget
2016 Federal Budget
Chapter 5 > Financial Support for Veterans
Budget 2016 [...] proposes significant enhancements to financial benefits for modern-day veterans. The proposed investment includes [...] increasing the Disability Award (maximum increased to $360,000 in 2017) for injuries or illnesses caused or worsened by military service, and aligning it with other New Veterans Charter benefits by indexing it to inflation. Higher Awards would be paid retroactively to all veterans who have received an Award since the introduction of the New Veterans Charter in 2006.