Tax-free payment for Canadian seniors arrives this week

Senior citizen

Canadian seniors will receive a one time tax-free payment this week. 

The federal government initiated the one time payment to help seniors who continue to face health, economic, and social challenges due to COVID-19.

Many seniors are facing higher costs for food and services due to physical distancing restrictions, while others are paying more in dispensing fees to get the same medication or paying a premium for deliveries.

Through several measures, the Government is providing about $900 for low-income single seniors and more than $1,500 for low-income senior couples, in addition to their existing benefits, to help with extra costs during the pandemic.

Seniors eligible for the OAS pension will receive a payment of $300, and those seniors also eligible for the GIS will receive an additional $200, for a total of $500. 

Allowance recipients will also receive $500. This $2.5 billion investment in financial support will help Canadian seniors cover increased costs caused by COVID-19.