Federal Updates: Old Age Security & Guaranteed Income Supplement

 

The Prime Minister has announced new additional supports for seniors: 

 

  • Additional one-time payment of $300 for all recipients of Old Age Security (OAS).
  • Additional one-time payment of $200 for all recipients of Guaranteed Income Supplement (GIS).
  • Those receiving both OAS and GIS will receive one-time payment of $500.
  • The federal government is also investing $20M in the New Horizons for Seniors program to help improve the quality of life for those who are isolated during the pandemic.
  • In the coming months, the federal government will help provinces find solutions to issues in long-term care facilities and seniors’ residences across the country.
  • It’s calculated automatically for those who are already receiving both/either benefits.

 

For more details:

 

See below for common terms used on the Government of Canada’s websites: