Robert: Provincial Government announces one-time payment to residents

Today, Premier Andrew Furey and Deputy Premier Siobhan Coady announced an additional measure to help residents of the province with the high cost of living.

A one-time cheque for up to $500 will be provided to residents 18 years or older by December 31st, 2022.

The amount of the payment will be based on an individual’s adjusted income. Those with adjusted income of less than $100,000 will receive $500 and those with adjusted income between $100,000 and $125,000 will receive a partial payment ranging between $250 and $500.

Residents who have not yet filed their 2021 tax return may do so up until December 31st, 2022 to be able to receive this benefit.

“Together with other initiatives, such as the home heating supplement, the temporary reduction of the provincial tax on gasoline, and increases to the income supplement and seniors’ benefit, your government is helping to address the higher cost of living due to higher oil prices and pandemic-related supply shortages,” Minister Coady says. “The relief announced today is just one of nearly a half billion dollars in targeted cost of living measures we have announced since March 2022.”