Veterans Well-being Regulations

36 For the purposes of section 37 of the Act, the following definitions apply.

base calendar year

base calendar year means the 12-month period starting with any month in which the Canadian Forces income support benefit is payable. (année civile de base)

income

income, in respect of a person for a base calendar year, has the same meaning as in section 2 of the Old Age Security Act except that

• (a) it does not include the aggregate of net income from employment, self-employment or rental of property that is equal to or less than

  • (i) in the case of a veteran with no spouse or common-law partner, $2,900,

  • (ii) in the case of a veteran with a spouse or common-law partner, $4,200,

  • (iii) in the case of a survivor, $2,900, and

  • (iv) in the case of an orphan, $2,900;

• (b) it does not include interest income that, in the case of a veteran, survivor or orphan, is equal to or less than $140;

• (c) it does not include income replacement benefits payable under section 18, 22 or 26 of the Act;

• (d) it does not include long-term disability benefits payable under the Service Income Security Insurance Plan Long Term Disability (LTD);

• (e) paragraph (d) of the definition “income” in section 2 of the Old Age Security Act does not apply;

• (f) business and capital losses shall be taken into account in the year in which they occur; and

• (g) dividend income shall be taken into account on the basis of the actual amount of the dividend. (revenu)