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Veterans Well-being Act

Version of section 19 from 2019-04-01 to 2024-04-01:


Marginal note:Amount of benefit — veteran under age 65

  •  (1) Subject to the regulations, the monthly amount of the income replacement benefit that is payable under section 18 to a veteran who is under the age of 65 years — or to a veteran who has attained the age of 65 years, for the month in which the veteran attained that age — shall be determined by the formula

    A - B

    where

    A
    is 90% of the veteran’s imputed income for a month; and
    B
    is an amount that is payable to the veteran for a month from prescribed sources.
  • Marginal note:Regulations

    (2) The Governor in Council may make regulations

    • (a) respecting, for the purposes of subsection (1), the determination of the imputed income in respect of a class of veterans, including the periodic adjustment — including in accordance with a career progression factor — of the monthly military salary used in that determination;

    • (b) providing for a minimum amount of imputed income in respect of a class of veterans and for the periodic adjustment of that minimum amount; and

    • (c) respecting the determination, for the purpose of the description of B in subsection (1), of an amount payable to a class of veterans for a month.

    • (d) [Repealed, 2018, c. 12, s. 132]

  • Marginal note:Career progression factor

    (3) If regulations made under paragraph (2)(a) provide for the periodic adjustment of a veteran’s monthly military salary in accordance with a career progression factor, that periodic adjustment may only be applied if the Minister determines under subsection 18(5) that the veteran has a diminished earning capacity, and it shall not be applied after the earlier of

    • (a) the last day of the prescribed number of years of service of the veteran in the Canadian Forces, and

    • (b) the day before the day on which the veteran attains the age of 60 years.

  • 2005, c. 21, s. 19
  • 2016, c. 7, s. 82
  • 2018, c. 12, s. 132

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