OTTAWA — Prime Minister Justin Trudeau says a special one-time payment for seniors will go out the week of July 6.
The COVID-19-related aid will come in the form of $300 payments to the more than six million people who receive old-age security benefits, and an additional $200 for the 2.2 million who also receive the Guaranteed Income Supplement.
Seniors who already receive benefits won’t have to apply for the special payment.
“When this crisis first started, our seniors could count on the strong public pension system for steady income,” Trudeau says. “The Canada Pension Plan, old-age security, and the Guaranteed Income Supplement were our first line of defence, but over time, this pandemic has made life more expensive. Seniors haven’t been able to take public transit. They haven’t been able to go to a store or shop sales because of the virus. Instead, they’ve had to rely on deliveries to get things they need. It adds up.”
Trudeau notes this will be the “new normal” for many seniors for the time being.
Seniors who live in the country can expect to receive payment by direct deposits or cheques the week of July 6. Anyone living outside the country should expect delays if they receive cheques in the mail, given international postal disruptions.
The parliamentary budget officer has estimated the overall cost of the measure at almost $2.5 billion this fiscal year.