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COVID-19 Senior Benefit & Your Taxes

February 12, 2021 11:00 AM | Anonymous

Remember the one-time COVID-19 senior benefit ($300 for seniors eligible for the Old Age Security pension, and an additional $200 for seniors eligible for the Guaranteed Income Supplement) that you received from the federal government in July 2020? This is just a reminder that it is not taxable. There will be no T4A issued, and you should not claim it as part of your income.  

For more information, see:
https://www.canada.ca/en/services/benefits/publicpensions/notice-covid-19/one-time-payment.html

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