
Uncovering Hidden Gems: Lesser-Known Benefits and Allowances for Pensioners
As pensioners, we often hear about common benefits like seniors discounts and government pension plans. However, there are many other lesser-known benefits and allowances that can greatly improve the quality of life for retirees. Here are a few gems that you may not be aware of.
Many seniors struggle with high prescription drug costs, but did you know that there are government programs that can help offset these expenses? The Ontario Drug Benefit (ODB) program provides financial assistance for prescription medications to those over 65 years of age. Additionally, there are various programs at the provincial and federal level that provide assistance for low-income seniors. It’s important to research and see if you qualify for any of these programs.
Another hidden gem for pensioners is the Senior Homeowners’ Property Tax Grant. This grant is available in certain provinces and provides financial assistance to seniors who own their own home. It can help reduce property tax payments, freeing up more money for other expenses. Additionally, many municipalities offer property tax deferral programs for seniors who are on a fixed income. This can help alleviate the burden of property taxes and provide more financial stability.
Lastly, pensioners may also be eligible for various travel benefits, such as discounted or free transit passes. Many cities offer senior discounts on public transportation, making it easier and more affordable to get around.