Our government is committed to supporting Canada’s Veterans, especially those who are ill and injured.
That is why we announced our plan for a Pension for Life. This monthly payment will mean better support for ill and injured Veterans.
Our Pension for Life plan includes:
Tax-free financial compensation, with the choice of monthly payments for life, to recognize pain and suffering caused by a service-related disability. This will provide a maximum monthly amount of $2650 for those most severely disabled;
income replacement for Veterans who are experiencing barriers returning to work after military service at 90% of their pre-release salary. In some circumstances Veterans may be eligible for an additional 1% career progression factor each year;
services and benefits to help Veterans in a wide-range of areas, including education, employment, and physical and mental health.
This means that a 25-year-old Veteran who is 100% disabled would see her/his monthly support increase by over $1,700 from 2015. For a 50-year-old Veteran who is 100% disabled, her/his monthly support would now be almost $9,000.