Friday, July 10, 2020
One-time tax-free payment for seniors
Beginning the week of July 6, 2020, Employment and Social Development Canada (ESDC)/Service Canada will provide eligible seniors with 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.
Individuals will not have to apply for this additional benefit.
GIS and Allowance payments have also been extended if seniors’ 2019 income information has not been assessed.
This will ensure that the most vulnerable seniors continue to receive their benefits when they need them the most. To avoid an interruption in benefits, seniors are encouraged to submit their 2019 income information as soon as possible and no later than by October 1, 2020.
You may find information online at canada.ca/en/services/benefits/publicpensions/notice-covid-19/one-time-payment
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