Seniors feeling the financial impacts of the coronavirus pandemic will be able to get a one-time top up to their Old Age Security and Guaranteed Income Supplement payments.
Seniors Minister Deb Schulte and Treasury Board Secretary Jean-Yves Duclos held a press conference on Tuesday morning to roll out details of a $2.5 billion plan to will give seniors eligible for the OAS pension a one-time, tax-free payment of $300, with an additional $200 going to those also eligible for the GIS. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] The government will also spend an extra $20 million on expanding the New Horizons for Seniors Program that supports community-based projects for seniors, and will temporarily extend GIS