Liberals set August date for one-time $500 payment to seniors aged 75 and older

OTTAWA — The Liberal government has set a date for its one-time payment to older seniors this summer.

Seniors Minister Deb Schulte says Canadians who are 75 as of next July will receive $500 during the week of Aug. 16 this year.

The one-shot cash injection is part of a government plan laid out in the April budget to boost old-age benefits over the long term.

Ottawa announced a 10 per cent raise in old age security for those aged 75 and older starting in July 2022, providing an estimated $766 in extra benefits to 3.3 million retirees.