Security | VETERANS

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

Liberal Platform (Page 49) | October 5, 2015
Achieved
October 1, 2016

Increase to Earnings Loss Benefit

Veterans Affairs Canada

Effective October 1, 2016, Veterans Affairs Canada (VAC) increased the Earnings Loss Benefit (ELB) calculation to ensure your total income will be at least 90% of your gross pre-release military salary.

To ensure that the benefit is always keeping pace with inflation, annual increases for recipients will no longer be limited by a maximum increase of 2%.

March 22, 2016

Financial Support for Veterans

2016 Federal Budget

Budget 2016 therefore 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.