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Date updated: May 12, 2020

Tax free payment of $300 for those eligible for OAS and an additional $200 for those eligible for GIS.

Prime Minister announces additional support for Canadian seniors

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No Canadian should have to choose between putting food on the table, filling their prescriptions, or paying their bills. Yet too many seniors are facing significant health, economic, and social challenges due to COVID-19. They helped shape this country, and now they need our help.

Since the start of the COVID-19 pandemic, the Government of Canada has introduced measures to support seniors. We invested $1.3 billion in a one-time special payment through the Goods and Services Tax (GST) credit in April. More than 4 million seniors benefited from this top-up, which gave an average of $375 for single seniors and $510 for senior couples. We also invested in community organizations that provide practical services to Canadian seniors, including the delivery of groceries and medications.

The Prime Minister, Justin Trudeau, today announced a series of additional measures to help Canadian seniors and provide them with greater financial security in this time of crisis. These measures include:

  • Providing additional financial support of $2.5 billion for a one-time tax-free payment of $300 for seniors eligible for the Old Age Security (OAS) pension, with an additional $200 for seniors eligible for the Guaranteed Income Supplement (GIS). This measure would give a total of $500 to individuals who are eligible to receive both the OAS and the GIS, and will help them cover increased costs caused by COVID-19.

Categories:  Family / Friends    Seniors    Service Providers

Topics:  Family or Friends Support    Finances    Financial Help

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