COVID-19 Supports for Seniors
The federal government has announced a series of measures to help Canadian seniors and provide them with greater financial security during the COVID-19 crisis. These measures include:
- Providing a one-time tax-free payment of $300 for seniors eligible for the Old Age Security (OAS) pension
- Providing a one-time, tax-free payment of $200 for seniors eligible for the Guaranteed Income Supplement (GIS).
- Expanding the New Horizons for Seniors Program with an additional investment of $20 million to support organizations that offer community-based projects that reduce isolation, improve the quality of life of seniors, and help them maintain a social support network.
- Temporarily extending GIS and Allowance payments 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.