Have you received a lump-sum award from Veterans Affairs Canada? If so, we can pay for professional advice to help you manage your money effectively.
About this program
You can receive up to $500 to get advice from a financial professional on how to invest and manage your lump-sum:
- Disability Award,
- Critical Injury Benefit,
- Detention Benefit, or
- Death Benefit
Some costs for professional services do not qualify for reimbursement, including:
- help with tax returns,
- annual commissions or fees on your investments, and
- travel costs
Here are some tips for helping you manage a tax-free lump-sum payment.
Do you qualify?
You should apply to be reimbursed for financial advice if you receive a lump-sum that is 5% or more of the maximum Disability Award.
You must apply for reimbursement within 12 months of receiving your award decision.
How to apply
Before you apply
To qualify for this reimbursement, your advisor must be primarily engaged in the business of providing professional financial advice.
Proof of payment
Include the invoice containing the name and address of the financial professional with your application.
Note: Submit the invoice to us and we will pay you directly. Unfortunately, we cannot pay the provider directly.
Mail or in person
Download the request for reimbursement form. Then drop it off at a VAC office. You can also mail your completed form directly to the address listed on the form.
Get help
The staff at any VAC office can assist you or call us at 1-866-522-2122.
Additional information
Find out more
The Financial Consumer Agency of Canada can give you more information about financial planning. Call 1-866-461-3222, or e-mail info@fcac.gc.ca.
Related programs
Disability Award: Compensation to recognize that your injury or illness is a result of your military service.
Critical Injury Benefit: A one-time payment if you are suddenly and critically injured while serving.
Detention Benefit: A one-time payment if you were detained by an enemy, opposing force or group carrying out a terrorist activity.
Death Benefit: Lump-sum compensation for the family of a member whose death was a result of their service.