VAC Announces Increase to Earnings Loss Benefit
October 24, 2016
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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. This change also ensures that the minimum amount of your pre-tax income is at least $44,496.00. 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%.
*If you are currently receiving ELB income support, there is nothing you need to do. Your payment will be automatically adjusted beginning on October 1, 2016. You will also be advised in writing of this change in October.*
