Canadian seniors across the country are facing significant health, economic, and social challenges due to COVID-19. Prime Minister Justin Trudeau announced on Friday that seniors eligible for the Old Age Security (OAS) pension and the Guaranteed Income Supplement (GIS) will receive their special one-time, tax-free payment during the week of July 6.
Through this measure and others, the government is providing nearly $900 more for single seniors and more than $1,500 for senior couples, on top of their existing benefits, to help these vulnerable Canadians with extra costs during the pandemic.
Since the start of the pandemic, the Government of Canada has introduced a number of measures to support seniors, including those most vulnerable. The government is also investing an additional $20 million in community organizations that offer services to seniors, and have reduced minimum withdrawal requirements for all types of registered retirement income funds (RRIFs) by 25 per cent for the year 2020.
Click here to read the full statement.