The Guaranteed Income Supplement (GIS) is a non-taxable benefit designed for Canadians aged 65 and older who have little or no income apart from the Old Age Security (OAS) pension. Here’s everything you need to know about this vital program:
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Maximum GIS Payments
- Single Seniors (or those whose partner is under 65): Up to $1,086.88 per month.
- Couples (where both partners receive OAS or Allowance): Up to $654.23 per month.
The exact amount depends on your income from other sources (excluding the OAS pension).
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Earnings That Don’t Affect GIS
One exception to the income rule is that seniors can earn up to $5,000 annually from work without it impacting their GIS payments.
Applying for GIS
- Apply using the same application form as the OAS pension.
- Your GIS entitlement is based on the income reported on your previous year’s tax return.
- Important Tip: File your taxes every year to ensure you receive the correct GIS amount.
Additional Support for Partial OAS Recipients
If you’re not eligible for the full OAS pension due to less than 40 years of residency in Canada after age 18, GIS can help fill the gap by providing extra funds.
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Guaranteed Annual Income System (GAINS)
The Guaranteed Annual Income System (GAINS) is a provincial benefit available to low-income seniors in Ontario who receive GIS.
Maximum GAINS Payments
- Up to $87 per month.
- This amount decreases if you have additional income outside OAS and GIS.
Eligibility Criteria
- Your total income (excluding OAS and GIS) must be less than $174 per month.
- The maximum amount of $87 is only available to those with no additional income beyond OAS and GIS.
Automatic Enrollment
- If you qualify, GAINS payments are automatically added to your GIS benefits—no separate application is required.
Why These Programs Matter
For seniors with limited income, GIS and GAINS offer essential financial relief. Together, these programs help ensure that Canada’s older adults can enjoy a more secure and dignified retirement.
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