An important announcement from Service Canada to our Elders that a one-time taxable payment of $500 is available directly to Old Age Security pensioners aged 75 and over. This amount will not affect the calculation of the Guaranteed Income Supplement.
If you are already receiving Old Age Security, no action is required on your part. Benefits will be paid automatically in the same way as the regular benefit August 2021 .
Eligible seniors who have not yet completed their Old Age Security application form must do so by May 31, 2022. This will insure that they receive the one-time $500 payment.
More info online at Service Canada on the Old Age pension page or by phone at 1-800-277 9915.