#FinancialFridays: The Federal Government has announced they will repay clawbacks for low-income seniors.

The Federal Government has announced that they are moving up the timeline to repay clawbacks for low-income seniors. These benefits will be distributed to low-income seniors who saw their income top-ups reduced because they received emergency pandemic aid. Payments may flow sooner for those in dire need.

The federal government has said they will work with local MPs to identify seniors in dire financial situations due to the loss of #GIS to potentially speed up their one-time lump sum payment by a few weeks. The local MPs have not yet received direction from the Ministry of Seniors on what criteria will be used to identify “dire financial situations.

Please stay tuned. We will post updates on this matter as soon as they become available.