Seniors 64 years of age or older who are eligible will get a little more in their seniors’ benefit starting tomorrow.
The provincial government accepted a recommendation by the Seniors’ Advocate that the benefit should be indexed to the cost of living. The maximum payout goes from $1,516 per year to $1,551.
Seniors with a family net income of up to $30,078 are eligible to receive the maximum.
Advocate Susan Walsh calls it a good news story.
“Over time, it will keep pace with inflation. It’s not a panacea and seniors won’t notice a lot of extra money in the pocket but in the long term, they will be better off,” says Walsh.
