The Guaranteed Income Supplement (GIS) has been in effect
since January 1, 1967. This provides a monthly non-taxable benefit
to low-income Old Age Security (OAS) recipients that meet certain income and
residency requirements. The GIS is reduced by $1 for each $2 of income,
excluding the OAS pension and other defined income amounts. Rates are adjusted
periodically to reflect any increases in the cost of living as measured by the
consumer price index.
|
Guaranteed Income Supplement
|
Jan 2009
|
Jan 2010
|
|
Single
|
$652.51
|
$652.51
|
Spouse of
A Non-OAS pensioner
An OAS pensioner
An Allowance recipient
|
$652.51
$430.90
$430.90
|
$652.51
$430.90
$430.90
|
For more details, please contact Service Canada or visit their website at
Guaranteed Income Supplement (GIS)