Canadian Seniors will receive a one time covid-19 relief payment this week as announced by the government earlier in the week. The goal is to help seniors curb rising costs for things such as grocery deliveries and prescriptions. During this pandemic, seniors have been one of the hardest groups affected. This payment is one way that the government wanted to lightened their load. This one-time payment is tax free.
Canadian Seniors Receive Covid-19 Payment Relief, How Much?
Canadian seniors can receive up to $500.00 in a one-time payment from the government. Here’s the breakdown from a recent article below:
“Any senior who is eligible for the Old Age Security (OAS) pension will receive a $300 payment, and an additional $200 is being sent to seniors eligible for the Guaranteed Income Supplement (GIS).
The federal government estimates there are currently 6.7 million seniors who are eligible for the OAS pension and 2.2 million who are eligible for the GIS. These payments are set to total $2.5 billion.”
Canadian Seniors Receive Covid-19 Paymet Relief, When and How?
The payment is directly made to any senior who is eligible. No application is needed to apply. Here are the payment details from the same article:
“Seniors who reside in Canada can expect to receive the payment by direct deposit or cheque this week, whereas seniors who reside outside Canada can expect this one-time payment in July for those on direct deposit, or by cheque with delays given international postal disruptions,” said the government in a statement.
For Canadian seniors, any help is good as they have been hit hard by COVID-19. As a result, they have to take extra precautions to stay safe. This has resulted in taking on a greater financial burden with limited income for many. Because of that, Canadian seniors will gladly accept the covid-19 one-time payment as every little bit helps.
On May 12, 2020, the Canadian Government announced additional support for seniors during covid-19 to help them offset the increased cost of living resulting from the pandemic. Also announced was measures to help seniors deal with isolation and improve their quality of life. Finally, there was an extension of payments and allowances for seniors. Let’s take a look at each one of these new supports one by one.
Additional Support for Seniors During Covid-19, One Time Tax free Payment
The prime minister announced a one time tax-free payment of $300 for seniors eligible for the Old Age Security (OAS) pension, with an additional $200 for seniors eligible for the Guaranteed Income Supplement (GIS). This would give a total of $500 to individuals who are eligible to receive both the OAS and the GIS. The goal is to help seniors cover increased costs caused by the pandemic.
Additional Support for Seniors During Covid-19, Additional Funding to New Horizons for Seniors Program
The Government also announced that it is investing an additional $20 million dollars into the New Horizons for Seniors Program. The is to help support organizations that offer community based projects that help reduce isolation, improve the quality of life for seniors, and help them maintain a social support network.
Additional Support for Seniors During Covid-19, Extension of Allowance Payments
The government is temporarily extending seniors’ GIS and Allowance payments even if their 2019 income information has not been assessed. This will ensure that the most vulnerable seniors continue to receive their benefits. Also, seniors are encouraged to submit their 2019 income information as soon as possible and no later than by October 1, 2020. By doing so, they will avoid an interruption of benefits.
The government is trying to help the most vulnerable people affected by this pandemic and many seniors definitely fall into this category. The latest measures announced are a way to address this and hopefully many seniors can apply and will be helped by this. Even if the amounts are small, it is all a help. As the old saying goes, every little bit helps.
Will CPP payment dates change during the coronavirus pandemic? It is a logical question to ask as the government is currently involved deeply in “The Canada Emergency Response Benefit” program. This CERB program helps individuals who’ve lost their jobs because of Covid-19. The CERB also helps business owners with grants and loans. As a result, Canadians on CPP might be concerned that this will affect their payments. Will their payments be affected? Will the dates they will receive their payments change? The answer is no.
CPP Payment Dates Stay the Same
Here’s what the federal government’s website has to say regarding this issue: “If you receive federal benefits, including some provincial/territorial benefits, you will receive payment on these dates. If you set up direct deposit, payments will be deposited in your account on these dates.”
Here are the CPP payment dates below for the rest of 2020. This includes the Canada Pension Plan (CPP) retirement pension and disability, children’s and survivor benefits.
January 29, 2020
February 26, 2020
March 27, 2020
April 28, 2020
May 27, 2020
June 26, 2020
July 29, 2020
August 27, 2020
September 28, 2020
October 28, 2020
November 26, 2020
December 22, 2020
If Applying for CPP, Apply Online Due to Covid-19
If you are applying for your Canada Pension, the government strongly suggests you apply online as the process has been simplified to make it easier for you. Notice what the government’s website says about this below:
An important note for people applying for Canada Pension Plan, Canada Pension Plan Disability or Old Age Security.
Due to the COVID-19 pandemic, Service Canada is strongly encouraging you to apply for these benefits online, from the comfort of your home. You will not be required to submit documentation to support your application at this time. Service Canada may be requesting these documents at a later date, but in the meantime, we can begin working on your application.
CPP payment dates will not change amid Covid-19, and that is a relief for many Canadians who depend on these payments. The coronavirus has brought a lot of anxiety to many people, especially our seniors so at least this is one less thing to worry about. And that is definitely a good thing!