Canadian seniors to receive one time tax-free payment this week
The government is providing about $900 for low-income single seniors and more than $1,500 for low-income senior couples
GATINEAU, Que. — On July 6, the Government of Canada announced that seniors eligible for the Old Age Security (OAS) pension, the Guaranteed Income Supplement (GIS), or Allowances will receive their one-time, tax-free payment this week without needing to apply.
Seniors who reside in Canada can expect to receive the payment by direct deposit or cheque, whereas seniors who reside outside Canada can expect this one-time payment in July for those on direct deposit, or by cheque with delays given international postal disruptions.
“With this one-time tax-free payment, we are continuing to support seniors to ensure they are able to get the essentials they need,” said Deb Schulte, minister of seniors, in a prepared statement. “As we go through this unprecedented challenge, we are providing a variety of measures that support seniors and ensure they know that we are with them and they are not left behind.”
According to the announcement, 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.
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.