Veterans Well-being Regulations

54.3 (1) For the purpose of subsections 52.1(5) and (6) of the Act, the lump sum is equal to the present value of the annual payments remaining to be paid calculated as of the day on which the election is made.

(2) The interest rates used to calculate the present value are equal to the spot rates as determined from the yields referred to in subsection 54.2(2) that are published by the Bank of Canada on the last week of the month preceding the day on which the election is made.