Disability Award, Choice of Lump Sum, Monthly Payments or a Combination of Both
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Re: Disability Award, Choice of Lump Sum, Monthly Payments or a Combination of Both
Thank you steelgunner.
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Re: Disability Award, Choice of Lump Sum, Monthly Payments or a Combination of Both
http://www.veterans.gc.ca/eng/services/after-injury/disability-benefits/disability-award/da-calc
Disability Award Payment Calculator
If you are receiving a Disability Award of 5% or more, you have flexible payment options:
a lump-sum payment
annual payments over the number of years of your choosing, or
a combination of these two options
This calculator can help you decide which option is best for you.
Disability Award Payment Calculator
If you are receiving a Disability Award of 5% or more, you have flexible payment options:
a lump-sum payment
annual payments over the number of years of your choosing, or
a combination of these two options
This calculator can help you decide which option is best for you.
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Re: Disability Award, Choice of Lump Sum, Monthly Payments or a Combination of Both
Thanks bigrex, I know I can always count on you and other members of CSAT to point me in the right direction.
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Re: Disability Award, Choice of Lump Sum, Monthly Payments or a Combination of Both
Yes, you will receive a form that will let you decide whether you want it as a lump sum, or over a period of time. I'm not sure if there is an option to take a partial lump sum up front or not. But I know if you take it over X number of years, you can change your mind later and get the remainder paid out. This should also increase your top up next year by several thousand dollars.
bigrex- CSAT Member
- Number of posts : 4060
Location : Halifax, Nova Scotia
Registration date : 2008-09-18
Disability Award, Choice of Lump Sum, Monthly Payments or a Combination of Both
I was awarded an additional 15% on a reassessment, and haven't had the opportunity to see the paperwork yet. I'm currently on vacation.
Can anyone tell me do I have to sign something to decide on payment type and return it to VAC or can I call them and tell them my choice?
When I received my original award in 2009 we didn't have a choice of payment type if I remember correctly.
Can anyone tell me do I have to sign something to decide on payment type and return it to VAC or can I call them and tell them my choice?
When I received my original award in 2009 we didn't have a choice of payment type if I remember correctly.
Guest- Guest
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