What is the $1,200 for seniors in Ontario?: Decoding the CRA Inflation Relief and Other Benefits
As of late 2024, the Canadian government announced a one-time $1,200 financial boost for eligible Old Age Security (OAS) recipients to combat the rising cost of living. The question, **What is the $1,200 for seniors in Ontario?**, often refers to this specific federal payment, which was based on the annualized amount of reduced Guaranteed Income Supplement (GIS) or Allowance benefits. This was not a general benefit for all seniors, but a targeted measure to compensate for lost benefits caused by receiving pandemic relief payments.