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What is the new $1200 benefit in Canada for seniors?

What is the new $1200 benefit in Canada for seniors?

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What is the new $1200 benefit in Canada for seniors?

What is the new $1200 benefit in Canada for seniors?

Recently, the Canadian government announced a new $1200 benefit for low-income seniors in Canada. This benefit is aimed at providing additional financial support to seniors who are facing economic challenges due to the COVID-19 pandemic. The benefit is part of the Canada Recovery Benefit program and is available to eligible seniors who meet certain criteria.


To qualify for the $1200 benefit, recipients must have received the Old Age Security pension and the Guaranteed Income Supplement in June 2021. In addition, recipients must also be 75 years of age or older as of June 2021. The $1200 benefit is meant to help seniors cope with rising costs of living and inflation over the year.

If you are a low-income senior in Canada who meets the eligibility criteria, you may be wondering how to apply for the $1200 benefit.


 The good news is that you do not need to apply for this benefit separately. The $1200 benefit will be automatically paid to eligible seniors who are already receiving the Old Age Security pension and the Guaranteed Income Supplement.


It is important to note that the $1200 benefit is a one-time payment and will be issued in two installments. The first installment of $500 will be paid in August 2021, while the second installment of $700 will be paid in November 2021. This additional financial support will help low-income seniors cover the costs of essential expenses such as food, housing, and medication.


In conclusion, the new $1200 benefit for low-income seniors in Canada is a welcome relief for many seniors who are struggling financially during these challenging times. This benefit will provide much-needed support to seniors who are facing economic hardship due to the COVID-19 pandemic. If you are a low-income senior who meets the eligibility criteria, you can look forward to receiving the $1200 benefit in the coming months.

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