Prime Minister Justin Trudeau says that Canadian seniors who are eligible for the Old Age Security (OAS) pension and the Guaranteed Income Supplement (GIS) will receive a one-time, tax-free payment during the week of July 6.
Seniors who qualify for the OAS pension will receive a payment of $300, while GIS recipients will get an additional $200. Allowance recipients will also receive $500.
Seniors do not need to apply for the one-time payment.
There are currently 6.7 million seniors who are eligible for the OAS pension and 2.2 million who are eligible for the GIS.
Prime Minister Justin trudeau is slated to update Canadians on the COVID-19 situation at 11:15 a.m. today in Ottawa.
Village Media will carry the livestream, so stay tuned.