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One-time tax-free payment for seniors

The one-time payment for seniors is available to individuals who are eligible to receive the Old Age Security pension or the Guaranteed Income Supplement in June 2020.

Everyone who is eligible will receive one payment. If you only receive the Old Age Security pension, you will receive a single payment of $300. If you receive the Old Age Security pension and the Guaranteed Income Supplement, you will receive a single payment of $500. If you receive the Allowance or the Allowance for the Survivor, you will receive a single payment of $500.

A separate payment for this benefit will be issued during the week of July 6, 2020. If you reside in Canada, you should receive the payment that week. Direct Deposit is the fastest way to receive the payment. If you reside outside Canada, the payment will be received in July, but expect delays for cheques given international postal disruptions.

You do not have to apply. All individuals who are eligible to receive the Old Age Security pension or the Guaranteed Income Supplement in June 2020 will receive the one-time payment for seniors.

Informatifon about Seniors Benefit

I hope you find this information helpful. – Bruce