Denmark, which is not bound by the Regulation, has informed the Commission that the following situations are covered by the national guarantee fund: a) bankruptcy; b) in the event of the employer ceasing trading when it is established that he is insolvent; c) in the event of the employer’s death, if his estate is administered as insolvent or is wound up without administration.

(6) Except upon payment in full to the Director of the amounts set out in paragraphs (5)(a),(b) and (c), no conveyance or transfer of any land being purchased by a veteran from the Director under subsection (1) or (3) shall be given by the Director to the veteran unless

The rationale used in establishing the Death Benefit is in keeping with the overarching policy rationale for the New Veterans Charter; that is to assist with re-establishment and re-integration into civilian life from the military.

(g) where an individual who is a beneficiary under a fund, plan or trust that was a registered home ownership savings plan (within the meanings assigned by subparagraphs 146.2(1)(a) and (h) of the Income Tax Act, chapter 148 of the Revised Statutes of Canada, 1952, as they read in their application to the 1985 taxation year) on December 31, 1985 dies, an amount equal to the fair market value of the property in the fund, plan or trust at the time of death shall be deemed, for the purposes of section 212, to have been paid to the individual at the time of death as a payment out of or under a fund, plan or trust that was at the end of 1985 ...[+++]a registered home ownership savings plan;