Guaranteed Income Supplement 2023: Who is Eligible for GIS Canada and All You Should Know

Numerous programs are managed and operated by the Service Canada department for the benefit of Canadians. These programs aim to improve Canada’s population’s financial situation, promote social welfare, and reduce poverty. To support citizens’ ongoing development, the federal government of Canada offers a variety of programs to individuals across all age groups.

The “Guaranteed Income Supplement 2023” (GIS) is one of the programs which is administered by Federal Department of Employment and Social Development Canada through Service Canada. The 2023 Guaranteed Income Supplement program is for people 65 years of age and older. People 65 years of age and older will get a monthly payment from the government under this system. This post will explain the definition of the Guaranteed Income Supplement Programme, how to apply for it, who is eligible, and how you can receive assistance from it.

What is GIS Canada

Guaranteed Income Supplement scheme is for the people who are at the age of 65 or more than that. Through this scheme senior citizens of Canada will get monthly payment from the Canada’s government whose age is more than 65 years. Guaranteed Income Supplement is an addition to the Old Age Security (OAS) program.

The benefit of this scheme is for those senior citizens of Canada whose own income or income along with their spouse is very low. Applicants can receive the benefit GIS payment by cheque or direct deposit to applicant’s Canadian bank account. Generally, when a senior citizen turns to age 64, he/ she will receive a letter to apply for the GIS Canada program but if anyone does not receive, they must apply online.

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Guaranteed Income Supplement 2023 Overview

SchemeGuaranteed Income Supplement 2023
Administrated ByFederal Department of Employment and Social Development Canada through Service Canada
CountryCanada
CategoryGovernment Aid
Part ofOld Age Scheme
Provided BenefitMonthly Payment
Eligible Age65 years and more
Official Websitehttps://www.canada.ca

Old age security and Guaranteed Income Supplement

The Guaranteed Income Supplementary Benefit (GIS) is an additional benefit offered by old age security in addition to the standard benefits. For elderly individuals whose income alone or in combination with their spouse is extremely low, GIS offers extra advantages to the OAS pension. GIS is a monthly benefit for 65 years of age and older. Low-income Old Age Security retirees are eligible for the income-based supplement in GIS 2023. There is no tax on it.

Guaranteed Income Supplement 2023: Who is Eligible for GIS Canada and All You Should Know

Eligibility for GIS 2023 Benefits

There are some eligibility criteria to avail the Guaranteed Income Supplement, and these must be fulfilled to avail the benefits of this financial program, only then you will be eligible for this scheme. These have been explained in the points given below.

  • Applicant must be 65 years old and more.
  • Applicant or applicant’s Spouse must be receiving the OAS Pension.
  • Applicant must be a citizen of Canada or resident.
  • Applicant must be live in Canada from at least 10 years.
  • If applicant is single, widowed, or divorced his/her income should be less than $21,456.
  • If living with partner than applicant’s income or plus spouse income is below $28,320 his/her spouse or common-law partner is receiving the OAS Benefits.
  • If applicant’s income is $51,408 and his/her spouse or common-law partner does not receive the OAS Benefits.
  • If applicant’s income is $39,648 and his/her spouse or common-law partner receive the allowance.

Conditions of Receiving the GIS Payment

  • Maximum payments and income thresholds
  • Applicant’s Payment
  • If applicant’s income this year is less than last year
  • Grant for recipients of pandemic benefits who are eligible for the Guaranteed Income Supplement once.
  • To reflect increases in the cost of living as measured by the Consumer Price Index, Guaranteed Income Supplement (GIS) benefits are reviewed in January, April, July, and October.  Even if the applicant’s cost of living reduces, applicant’s monthly payment amount will not reduce.
  • Applicants can receive the benefit GIS payment by cheque or direct deposit to applicant’s Canadian bank account.

How much can you get: GIS 2023

Maximum Payment of Guaranteed Income Supplement: If applicant is falling in this condition the GIS payment will depends on the applicant’s marital status and applicant’s previous year’s income (or in situation of a couple, Both’s combined income). You can understand the GIS amount for October to December 2023 you will receive from the table given below.

Applicant’s SituationAnnual Income Should beMaximum Monthly Payment Amount
Applicant is single, divorced, and WidowedLess than $21456up to $1,057.01
Applicant have a spouse or common-law partner who is receiving the OAS pensionLess than $28,320 (combined annual income of couple)up to $636.26
Applicant have a spouse/common-law partner who receives the AllowanceLess than $39,648 (combined annual income of couple)up to $636.26
Applicant have a spouse/common-law partner who does not receive an OAS pensionLess than $51,408 (combined annual income of couple)up to $1,057.01

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Who is Not Eligible for the Benefits

The applicant is not qualified to receive benefits if they are a sponsored immigrant who has lived in Canada for fewer than ten years.

However, applicants who are foreign nationals and do not have sponsorship are qualified to receive Old Age Security pensions (OAS Pension).

Guaranteed Income Supplement 2023 Required Documents

To avoid last-minute stress, first gather all the information and documentation needed to apply for the Guaranteed Income Supplement 2023. The necessary documentation to apply for the Guaranteed Income Supplement Programme are listed below.

  • Security Insurance Number (SIN)
  • Spouse information like SSN and Date of birth
  • Banking information for deposit
  • Payment starting date
  • Your income drops from work or pension (if relevant)

Guaranteed Income Supplement 2023 Application Process

  • Initially, to apply for the program, one must ascertain whether they are eligible to do so.
  • Assemble all the data and records that are listed in the preceding points.
  • Next, the applicant needs to confirm whether they have a My Service Canada Account (MSCA). If they don’t have an account, they must create one by filling out the application and providing the necessary paperwork.
  • The applicant will get a response from the Government of Canada following submission of the application.
  • You can now check the progress of your application and the amount you paid for GIS.
  • Any applicant can file an appeal with the Social Security Tribunal (SST) if they disagree with the decision.
Official WebsiteClick Here
HomepageClick Here

Guaranteed Income Supplement FAQs

Is Old Age Security and Guaranteed Income Supplement programs being same?

Old Age Security is also a financial benefit programme for the old age citizens of Canada in which above 65 years of age citizens will get the monthly payment from the federal government and Guaranteed Income Supplement is an addition to the Old Age Security programme.

What are the other financial schemes are running in Canada for old age people?

In Canada, there are two major Federal Financial programs the Old Age Security (OAS) and Canada Pension Plan (CPP) are running who provides financial support to the old age people of more than 65 years.

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