Veterans Well-being Act

Marginal note:Amount of benefit — veteran under age 65

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  • (d) [Repealed, 2018, c. 12, s. 132]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