War Service Grants Act — W-2.5 14
Purposes for and time within which available 14 (1) All or any part of the re-establishment credit may, on or before the 31st day of October 1968, be made available to or for the member of the forces eligible therefor when it is shown to the satisfaction of the Minister that such credit is to be used for (a) the acquisition of a home (i) under the National Housing Act , in an amount not exceeding two-thirds of the difference between the total cost of the home and the amount of the loan made under that Act, or (ii) not under the National Housing Act , in an amount not exceeding two-thirds of the difference between the appraised value of the home as approved by the Minister or the purchase price, whichever is the lower, and the amount of the encumbrance thereon, assumed or created by the member; (b) the repair or modernization of his home; (c) the reduction or discharge of indebtedness under any agreement for sale, mortgage or other encumbrance on his home, in an amount not exceeding twice the amount that the member himself contributes or has contributed to such purpose; (d) the purchase of furniture and household equipment for his domestic use in an amount not exceeding ninety per cent of the purchase price of the furniture or household equipment or the payment of the full cost of repair of such articles; (e) the provision of working capital for his business; (f) the purchase of tools, instruments or equipment for his business or the cost of repair of such articles; (g) the purchase of a business by him in an amount not exceeding two-thirds of the difference between the purchase price and any indebtedness incurred for the purpose of the purchase of such business, if the payment of such difference entitles the purchaser to immediate possession; (h) the payment of premiums under any insurance scheme established by the Government of Canada including (i) payment of premiums pursuant to any contract of insurance to which he is a party under the Returned Soldiers’ Insurance Act , the Veterans Insurance Act or the Civil Service Insurance Act , (ii) payment under subsection 16(2) of the Royal Canadian Mounted Police Pension Continuation Act of a deficiency in deduction from his pay as an officer of the Royal Canadian Mounted Police, (iii) payment of contributions in respect of his service as a constable of the Royal Canadian Mounted Police under section 36, 47, 50 or 51 of the Royal Canadian Mounted Police Pension Continuation Act , (iv) payment of contributions under the Public Service Superannuation Act , in respect of his service in the Public Service prior to becoming a contributor under that Act, (v) payment under subsection 9(2) of the Defence Services Pension Continuation Act of a deficiency in deduction from his pay as an officer as defined in that Act, and (vi) payment of the purchase price of an annuity purchased by him under the Government Annuities Act ; (i) payment of fees and the purchase of special equipment including instruments, books, tools and other equipment required for educational and vocational training other than educational and vocational training provided by the laws of Canada for members of the forces; and (j) any other purpose authorized by the Governor in Council. Ownership and possession of furniture or household equipment (2) No credit shall be made available for the purchase of furniture or household equipment or for the payment of any debts incurred by the purchase of furniture or household equipment if the actual possession of the furniture or household equipment does not pass to the buyer when the contract is made or if it is agreed, provided or conditioned in the contract that the right of property in or right of possession to the furniture or household equipment in whole or in part shall remain in the seller notwithstanding that the actual possession of the furniture or household equipment passes to the buyer. Amount applied to be held in trust (3) Any amount applied pursuant to subsection 12(3) of