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 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.