The federal government has announced a one-time, tax-free top-up payment to help seniors absorb costs related to COVID-19 — a “quite meaningful” lump sum for low-income seniors in the province, says B.C.’s seniors advocate.
People who receive old age security in Canada will receive a $300 payment. Those who receive the guaranteed income supplement for low-income seniors will receive an additional $200.
“The lower your income, the more impactful $500 is,” said Isobel Mackenzie.The $2.5-billion measure will provide payments to 6.7 million seniors in Canada and add to the $59.5 billion the government has budgeted for seniors benefits this fiscal year. […]
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