Low-income Old Age Security (OAS) pensioners are eligible to receive a monthly payment called the GIS. Your income and marital status will determine how much you are paid. GIS contributions are exempt from income tax. Guaranteed Income Supplement
Low-income Old Age Security (OAS) pensioners get a non-taxable monthly stipend called the Guaranteed Income Supplement (GIS).
Similar to the OAS, GIS benefits are not dependent on employment, thus you can receive them regardless of whether you are currently employed or not. Since this program is supported by the general income of the government, you are not required to make any […]
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