Brasidas said:The new Commander of the Canadian Army stated that he will recommend that the ETB be extended to Cl A reservists.
That doesn't mean that the rules are going to change, but he's going to ask that they be changed.
Brasidas said:The new Commander of the Canadian Army stated that he will recommend that the ETB be extended to Cl A reservists.
That doesn't mean that the rules are going to change, but he's going to ask that they be changed.
Brasidas said:The new Commander of the Canadian Army stated that he will recommend that the ETB be extended to Cl A reservists.
That doesn't mean that the rules are going to change, but he's going to ask that they be changed.
"You should apply for the Education and Training Benefit if:
you were honourably released from the Canadian Armed Forces (Regular or Reserve Force) on or after April 1, 2006, or are a member of the Supplementary Reserve and;
you meet the “length of service” requirement:
at least 12 years of authorized days of CAF Service (4382 days) to receive up to $81,920 or
at least 6 years of authorized days of CAF service (2191 days) to receive up to $40,960"
Tcm621 said:I got to disagree with this one. There is no way a reservist showing up 1 or 2 days a month deserves the same amount as a full time regular force person with all that entails. I have no issue with reservists who accrue 6 years full time service receiving it.
There is a reason the Reg force should get benefits that the Reserves don't: they show up basically when they want, they don't move unless they want too and only to where they want to go and they can quit when every they want.
ballz said:The way I read the website, it's already extended to Class A reservists.
I don't know how pensionable time is calculated for PRes but I assume that's how they calculate how many days of service you have for this?
If it's literally "you were a Class A reservist for 6 years, here's another $41,000 dollars," well.... that's another story.
Brasidas said:Brian and I already qualify for it, under the criteria quoted by ballz.
What we (and LGen Eyre) are talking about is the ability for a member to be a reservist while *receiving* the benefit.
Example:
Between deployments, courses, and instructor callouts, a mbr is at over six years service counted day for day.
Another mbr leaves the regforce after 12 years.
In either case, if they enroll in university for four years, they could be cadre for a reserve unit during the training year and instructors during the summer. As it is, they have to release completely or join the sup res. CCA stated that he strongly believes that they should be able to serve as reservists and that he will attempt to allow them to do so.
stoker dave said:So for you guys (and girls) thinking of leaving DND, take advantage of this educational benefit and you can look forward to a bright future.
daftandbarmy said:Oh man, there are some career managers who are going to go after you now
x291er said:I’d be surprised if it hasn’t already had a small affect on mid-career personnel deciding to pull the pin. Would be interesting to see those numbers.
Concurrently, I hope the recruiting teams have incorporated it as another tool to lure recruits through the door. When it hits the 3-4 year mark and there is (should be) an uptick in veterans donning their graduation gowns - the CAF PA and VAC PA should be looking to capture that to highlight the men/women who’ve benefited from the program.
x291er said:I’d be surprised if it hasn’t already had a small affect on mid-career personnel deciding to pull the pin. Would be interesting to see those numbers.
Concurrently, I hope the recruiting teams have incorporated it as another tool to lure recruits through the door. When it hits the 3-4 year mark and there is (should be) an uptick in veterans donning their graduation gowns - the CAF PA and VAC PA should be looking to capture that to highlight the men/women who’ve benefited from the program.
Kilted said:If this is calculated the same way that Reservists are given credit for time when they CT, a Class A soldier with 24 years service (and no class B/C Time) would qualify for the amount for six years. Although someone who did a considerable number of Class B/C contracts would not need as much time. Which it will be interesting to see considering that the Reserve educational reimbursement has been taken away (and if it ends up being permanent) if even some members of the reserves with enough time in who want to go back to school may jump ship. Granted the educational reimbursed for the reserves was only 8,000, it still was something.
Why is the Education and Training Benefit taxable?
Income you receive as a result of your current or former employment, including tuition assistance is generally taxable. The same tax rules apply to the Education and Training Benefit, which provides support for college, university or technical education to Veterans with at least six years of military service. However, like any student, you may be eligible to claim the Tuition and Education Tax Credit on your income tax at the federal and provincial levels.
ballz said:Had a friend who is planning to use this benefit reach out to me and ask about tax consequences / tax planning for this benefit, so I figured it was worth putting a note here that this benefit is considered taxable income and so those taking it should plan accordingly for the tax bill. If you get all $20k in one year, depending on your province / tax bracket, that might actually only be $10k for you and $10k back to the government... so don't spend it all and let yourself get hit with an unexpected $10k tax bill.
https://www.veterans.gc.ca/eng/education-and-jobs/back-to-school/education-training-benefit/faq
ballz said:Had a friend who is planning to use this benefit reach out to me and ask about tax consequences / tax planning for this benefit, so I figured it was worth putting a note here that this benefit is considered taxable income and so those taking it should plan accordingly for the tax bill. If you get all $20k in one year, depending on your province / tax bracket, that might actually only be $10k for you and $10k back to the government... so don't spend it all and let yourself get hit with an unexpected $10k tax bill.
https://www.veterans.gc.ca/eng/education-and-jobs/back-to-school/education-training-benefit/faq