The Guaranteed Income Supplement (GIS), Allowance, and Allowance for the survivor are additional Old Age Security (OAS) income-tested benefits.
The GIS is a monthly benefit available to seniors who have a low income and are living in Canada. Unlike the universal OAS and Canada Pension Plan (CPP), GIS benefits are not taxable.
The liberal government increased the maximum GIS top-up benefit available in the 2016 Federal Budget by up to $947 annually for low-income single seniors. Related : Understanding the Canada Pension Plan Eligibility for the GIS and Benefit Amount You qualify for the GIS if: > You are receiving […]
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