Seniors eligible for the Old Age Security (OAS) pension and the Guaranteed Income Supplement (GIS) should check their bank accounts today.
The government is providing nearly $900 more for single seniors and more than $1,500 for senior couples, on top of their existing benefits, to help vulnerable Canadians with extra costs during the pandemic.
Seniors eligible for the OAS pension will receive a payment of $300, and those also eligible for the GIS will receive an additional $200, for a total of $500.
Allowance recipients will also receive $500.
Prime Minister Justin Trudeau announced the funding in May.
He says this $2.5 billion in financial support will help Canadian seniors cover increased costs caused by COVID-19, and give them greater financial security in this time of crisis.
For more details, please click here.
Today, the Hon. Deb Schulte, Minister of Seniors, announced that seniors who are eligible for the OAS, GIS or Allowances will receive their one-time tax-free payment this week to help during #COVID19. https://t.co/UcXzmF3qzl
— Employment and Social Development Canada (@ESDC_GC) July 6, 2020
To help during #COVID19, one-time tax-free payments for seniors eligible for OAS, the GIS and the Allowances will be issued the week of July 6. No application required.
For more info, visit: https://t.co/NMjndQFpoU#EconomicResponse pic.twitter.com/P7zA3qPtl4
— Employment and Social Development Canada (@ESDC_GC) June 29, 2020