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The retirement income of most retired seniors is comprised mainly of pension and/or investment income, and has been virtually unaffected by the COVID-19 pandemic. Many retired seniors do not really have a financial need for the provincial government’s tax-free recovery benefit of between $10 and $1,000. If your family net income in 2019 was $125,000 or less, you get the full $1,000. From $125,000 to $175,000, it is gradually reduced.
At first glance, I had no intention to apply for this benefit. But I did apply, and I am encouraging all seniors (and anyone else for that matter) who qualify but do not need the money to do the same. This a rare opportunity to have absolute control over how your tax dollars are spent. Simply take your benefit, whatever the amount, and donate it to a charitable cause that helps people in need in your community, preferably one with low or no administrative costs. Your local food bank and school food programs are good examples.