General News · 12th May 2020
Seniors will be receiving a one-time payment of up to $500 to help offset any increases in the cost of living due to COVID-19.
Seniors who qualify for Old Age Security (OAS) will be eligible for a one-time, tax-free payment of $300, and those eligible for the Guaranteed Income Supplement (GIS) will get an extra $200.
Those eligible for both will receive $500.
The direct supports will amount to $2.5 billion and are expected to help 6.7 million older Canadians.
Seniors who already are receiving OAS and GIS will receive the one-time benefit automatically; they will not be required to apply for it.