The COVID-19 pandemic has made life more difficult and more expensive for seniors across Canada. To support seniors during these challenging times, Employment and Social Development Canada (ESDC) has introduced a one time tax-free payment of 300 Canadian dollars (CAD) for seniors eligible for the Old Age Security (OAS) pension, with an additional tax free payment of CAD 200 for seniors eligible for the Guaranteed Income Supplement (GIS). Near-seniors eligible for an Allowance will also receive CAD 500. This measure will help Canadian seniors cover increased costs due to the COVID-19 pandemic.
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