Wednesday, November 11, 2009

Remembrance Day – Veterans’ Pensions

Canada owes its war veterans a great deal. It’s hard to put a price on freedom. Looking for a connection between money and Remembrance Day, I wondered how we support our injured war heroes. It’s nice to stick ribbons on cars, but wounded soldiers need cold hard cash to put food on the table.

A soldier wounded during war time who is considered to be 100% disabled gets a disability pension of $2322.14 per month. Soldiers who are judged to be only 50% disabled would get half of this amount.
This figure is smaller than I was expecting. I suppose it doesn’t make sense to turn war heroes into millionaires, but it’s hard to imagine $2322.14 per month stretching very far for someone who is completely disabled.

3 comments:

  1. That's not quite at the criminal level but it is shameful. Do they get supplemental health care?

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  2. Big Cajun Man: I don't know if all wounded veterans get it, but veterans who get a disability pension also get supplemental health insurance.

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  3. I may be wrong, but I believe this amount is tax-free, which helps improve the payout a little bit. Though if that was their only income, it wouldn't be highly taxed anyway.

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