Bursary Fund (Assorted Topics)

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Re: Bursary Fund (Assorted Topics)

Post by Trooper on Wed 12 Nov 2014, 15:32

The Bursary was launched today at 1300 hrs.

621 available spots.
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Re: Bursary Fund (Assorted Topics)

Post by peep on Wed 12 Nov 2014, 19:45

I just applied at 5:34pm and won!

wow apply guys
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Re: Bursary Fund (Assorted Topics)

Post by 1993firebird on Thu 13 Nov 2014, 09:04

I just happened to check it after I asked the question here and I was able to apply but there was no notice given by email , letter or phone call that it started yesterday at 13:00. I got lucky.

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Re: Bursary Fund (Assorted Topics)

Post by 1993firebird on Fri 14 Nov 2014, 09:31

Yes , confirmation email.

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Re: Bursary Fund (Assorted Topics)

Post by Trooper on Fri 14 Nov 2014, 14:09

Navrat,

You are correct, it is taxable, and your son will have to claim it for the year he receives it.
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Re: Bursary Fund (Assorted Topics)

Post by 1993firebird on Mon 17 Nov 2014, 09:56

Remy , do not wait for an email telling you that the bursary is open as it is open. Go on the website and select your applicant as soon as possible.

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Re: Bursary Fund (Assorted Topics)

Post by peep on Sat 29 Nov 2014, 16:30

I have a confirmed email, then nothing in the mail. What gives
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Re: Bursary Fund (Assorted Topics)

Post by Trooper on Sat 29 Nov 2014, 18:51

The way it is suppose to work is the email notification alerting you that you have been successful, should be the end of communications for that Veteran, unless of course the Veteran is applying for themselves, in that case they will contact you.
So nothing to be sent to you via mail, unless you applied for yourself.

The person who the Veteran has applied for, is the only person who they will communicate with, going forward.
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Re: Bursary Fund (Assorted Topics)

Post by 1993firebird on Tue 20 Jan 2015, 17:24

Got my 1300 cheque from aucc today.

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Re: Bursary Fund (Assorted Topics)

Post by 1993firebird on Wed 04 Mar 2015, 12:48

Sounds like there is going to be a lot of money left in the bursary when it is closed for good which will go to the Law Firm.

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Re: Bursary Fund (Assorted Topics)

Post by teentitan on Wed 04 Mar 2015, 13:15

Actually the remaining bursary fund goes to ELB clients after the 6 years left.
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Re: Bursary Fund (Assorted Topics)

Post by 1993firebird on Wed 04 Mar 2015, 14:18

That will be a law suit headed by myself if that happens.

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Re: Bursary Fund (Assorted Topics)

Post by teentitan on Wed 04 Mar 2015, 15:21

Well firebird it was told to me by the law firm that it was a "bonus" for the clients during the negotiations. And part of that bonus was 7 years for LTD remainder of money goes to ELB. It's in the agreement.
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Re: Bursary Fund (Assorted Topics)

Post by Trooper on Wed 04 Mar 2015, 15:22

To reiterate - or confirm what teen has stated, with respect to the Bursary Fund, this from the order;

At the completion of the first 7.5 year period and for such
time thereafter until the Bursary Fund monies are
completely expanded, the Bursary Fund shall also award
bursaries annually to Veterans who were impacted by the
disability pension offset under the Canadian Forces
members and Veterans Re-establishment and
Compensation Act ( their Earnings Loss or Canadian Forces
Income Support benefit decreased as a result of the
disability pension offset).
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Re: Bursary Fund (Assorted Topics)

Post by 1993firebird on Wed 04 Mar 2015, 15:44

Well I was impacted 100% as I am a zero sum but I am not deemed totally and permanently incapacitated and therefore do not receive monthly LTD benefits. So will I receive annual bursaries until all of the money is gone?

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