Updated with July 2016 rates GIS (Guaranteed Income Supplement) is one of the “supplementary†benefits payable under the Old Age Security (OAS) Act. Old Age Security benefit The Canadian government raises the eligible age for Old Age Security benefits to age 67 but gives plenty of notice. Old Age Security. . The Guaranteed Income Supplement (GIS) provides a monthly non-taxable benefit to Old Age Security (OAS) pension recipients who have a low income and are living in Information about Canadian Old Age Security and Guaranteed Income Supplement. This federal government program provides money for eligible low-income seniors in Canada […]
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