Financial Assistance

Has an emergency placed you in financial distress? Do you and your family need extra support because of challenges arising from Canadian Armed Forces service? We can help.

Description

Financial distress is when you or a member of your family lacks the necessities of life, or when your personal debts cannot be met due to sickness, accident, death, or other misfortune.  
You may qualify for a low-interest loan of up to $25,000 or a grant of up to $5,000.

Eligibility

Veterans and their families as well as Regular and Reserve Force serving members and their families as outlined in the Member Personnel Record Resume (MPRR).

Process

Assistance for serving members is available through the local SISIP Financial Counsellor in your area.
Applications for Veterans are processed through Veterans Affairs Canada and/or the Legion.

Description      

You may qualify for a small loan of up to $5,000 to assist with:

  • emergency situations such as compassionate travel
  • urgent home and car repairs
  • prevention of financial distress
  • health and safety related issues
  • education, if you have been denied through the BMO Student Line of Credit Program

Eligibility          

Veterans and their families as well as Regular and Reserve Force serving members and their families as outlined in the Member Personnel Record Resume (MPRR).

Process           

Serving members: assistance is available through your local SISIP Financial Counsellor.
Veterans: assistance is available through Veterans Affairs Canada and/or the Legion.
 
You may be required to provide documentation demonstrating your need, such as copies of recent bills, invoices, or statements. If this documentation is not available, you may provide other information supporting your application such as an email or fax from the provider.

Description

You may qualify for up to $2,000 in financial support during an immediate (within the next 24-72 hours) financial distress situation. Here are a few examples of situations that could qualify: to assist with transportation costs to essential health services or place of employment during an emergency; to prevent eviction or foreclosure; to assist with necessary uninsured medical or dental services costs; to prevent disconnection of essential utilities like heat or hydro; to purchase groceries or other basic necessities; for other emergency needs not defined above.  

Eligibility

Regular and Reserve Force serving members: a grant of up to $2,000.
Veterans: a grant of up to $500.
This also includes family members living in the same household.  

Process

Serving members: assistance is available through your local SISIP Financial Counsellor or the Support Our Troops contact in your area.
Veterans: assistance is provided through Veterans Affairs Canada and/or the Legion.  

You will be required to provide documentation demonstrating your need, such as copies of recent bills, invoices, or statements. If this documentation is not available, you may provide other information supporting your application such as an email or fax from the provider.

Description     

Families with special needs dependents can receive funding to assist with assessments and reassessments, as well as to offset some of the extraordinary costs associated with things like assistive devices, respite care, therapy, and medical travel.

 Support includes:

  • Assessments and reassessments: a grant of up to $1,000 to cover residual amounts not covered by federal, provincial or local resources, or personal insurance.

  • Other: a grant of up to $1,000 to offset costs associated with assistive devices, respite care, therapy, medical travel, prescriptions not covered by insurance, etc.

Eligibility        

Regular and Reserve Force serving members residing with a dependent family member with a diagnosed physical, intellectual, or emotional condition requiring special medical or educational services.

Process        

Assistance for serving members is available through your local SISIP Financial Counsellor or the Support Our Troops contact in your area. Receipts may be required.
Applications for special needs assistance will be assessed against the following factors:

  • family composition
  • access to local resources
  • complexity of the dependent’s needs
  • extraordinary costs related to the special need
  • impact on the family
  • family income (not necessarily a determining factor, but will assist in prioritizing applications to ensure those with the greatest need are addressed first).

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