Security | VETERANS

Invest $40 million each year to provide injured veterans with 90% of their pre-release salary with inflation indexation.

October 5, 2015 | Liberal Platform (Page 49)
In progress

2016 Federal Budget

Tuesday March 22, 2016 | 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 Earnings Loss Benefit to provide income replacement of 90% of gross pre-release military salary for injured veterans participating in Veterans Affairs Canada's rehabilitation or vocational assistance program or with injuries preventing them from suitable and gainful employment. The indexation of this benefit would also no longer be capped at 2% and would be allowed to keep pace with inflation. Finally, the calculation of the minimum benefit would be amended to be based on a senior private's salary instead of a basic corporal's salary.