Canada: Providing a one-time tax-free payment for Old Age Security and Guaranteed Income Supplement

Submitted by siha on Wed, 06/17/2020 - 15:43

URL

https://www.canada.ca/en/department-finance/economic-response-plan.html#individ…

Body

Canada.ca (06.06.2020)

We are providing a one-time tax-free payment of $300 for seniors eligible for the Old Age Security (OAS) pension, with an additional $200 for seniors eligible for the Guaranteed Income Supplement (GIS).

This measure would give a total of $500 to individuals who are eligible to receive both the OAS and the GIS, and will help them cover increased costs caused by COVID-19.

You do not have to apply. This payment will be issued during the week of July 6.

measures summary

One-time tax-free payment of $300 for seniors eligible for the Old Age Security (OAS) pension, with an additional $200 for seniors eligible for the Guaranteed Income Supplement (GIS). This measure would give a total of $500 to individuals who are eligible to receive both the OAS and the GIS, and will help them cover increased costs caused by COVID-19. This payment will be issued during the week of July 6.

Measure date

Sat, 06/06/2020 - 15:38

Regions / Country

Topics

Global challenges

Shocks & extreme events

Document Type

Official / Corporate