Prime Minister Justin Trudeau announced during his daily news conference in Ottawa Thursday that the payments that he first announced last month would be distributed starting the week of July 6.
The payments are to offset increases in the cost of living due to COVID-19. Seniors who qualify for Old Age Security (OAS) will be eligible for a one-time tax-free payment of $300, and those eligible for the Guaranteed Income Supplement (GIS) will get $200.
Those eligible for both will receive $500.
The direct supports will amount to $2.5 billion, and are expected to help 6.7 million older Canadians.