The Guaranteed Income Supplement, a payment to low-income seniors, is recalculated annually, based on the net income declared in a citizen’s tax return for the previous year. Disenchantment with a bond fund and an unexpected adjustment to the Guaranteed Income Supplement (GIS) were among the topics raised in recent reader letters. Here’s what they wanted to know. Article content
Q: I am 98 and looked forward to receiving the increase in Old Age Security (OAS) from the government in July, but instead my cheque consisting of OAS and Guaranteed Income Supplement decreased by $15 a month. I was a […]
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