Prime Minister Justin Trudeau said the one-time payment of up to $500 for seniors to offset additional costs from COVID-19 will be delivered the week of July 6.
Seniors have been anxiously awaiting the payment, after the federal government promised on May 12 to spend $2.5 billion sending theseThose who qualify for the Old Age Security benefit are eligible for a tax-free payment of $300, while those who receive the Guaranteed Income Supplement will get an additional $200.The 2.2 million seniors who qualify for both receive $500.Speaking outside Rideau Cottage in Ottawa on Thursday, Trudeau said he hopes these funds make a difference.
In April the government initiated a one-time payment through the Goods and Services Tax, which delivered $375 to single seniors and $510 to senior couples. "That was announced some months ago and it’s going to take a long time," she said. "It’s good to have a date but seniors right now are really in need so the money can’t come soon enough."
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