The (GIS) Guaranteed Income Supplement is an Untaxed financial assistance for senior citizens in Canada. If you are a senior citizen of Canada, you will be eligible to receive the GIS Allowance under the Old Age Security Act. Canadian Government recognized the financial difficulties faced by the senior citizens of Canada and designed GIS Allowance for citizens between 60 to 64. Guaranteed Income Supplement (GIS) is an internal part of the Old Age Security Act. The government wants to deliver financial assistance to older citizens through this allowance. In this article, you will know all the information regarding the GIS Allowance for people aged 60 to 64.
Canada GIS Allowance
Canadian Government runs different kinds of old age security programs including OAS, CPP, and GIS Allowance are the three main retirement programs. Citizens with low income and over 65, are qualified for these retirement welfares. Through GIS 2024 the government of Canada wants to assure the citizens that they will receive a sufficient amount to manage their basic requirements after they qualify for the benefit. Senior citizens are required to meet Eligibility Requirements to Get the GIS Allowance. The Canada Revenue Agency has control over the GIS Program.
The first supplement was offered in 1967, in a form to help elders who are facing financial crisis. In Canada, Old age security has different government payments called Guaranteed Income Supplemental. GIS is a non-taxable monthly payment, that helps senior citizens manage their basic expenditures such as food, clothes, water, and medication. Canadian government understood the financial requirements of senior citizens and planned different kinds of retirement programs, which are beneficial for every senior citizen of Canada. The minimum age to start the retirement benefit is 65 but now the government has announced GIS Allowance for 60 to 64 years old senior citizens.
GIS Allowance – Overview
| Article Title | Canada GIS Allowance for people aged 60 to 64 |
| Department | Canada Revenue Agency |
| Country | Canada |
| Receivers | Senior citizens |
| Minimum Age | 60 to 64 |
| Category | Financial Aid |
| Official Website | Canada.ca |
Guaranteed Income Supplement Eligibility
To be a qualified candidate to receive the GIS Allowance, citizens are required to meet the below-mentioned Eligibility Requirements to Get the GIS Monthly Payment. It is required to check the eligibility criteria before applying for any benefit.
- The required age to qualify for the payment is 60 to 64 years.
- Candidates must be a lawful resident of Canada.
- Your spouse or common-law partner’s and Your yearly income must be less than $39,984.
- Your common-law partner or spouse must be a recipient of OAS and eligible to receive the GIS allowance.
- You have been a long-lasting local of Canada for 10 years since you turned 18.
Citizens are required to meet all the mentioned necessities to be qualified candidates for the benefit. once you fulfill all the requirements, the Canada Revenue Agency considers you as a qualified candidate for the benefit. all the requirements were set by the Canada Revenue Agency and candidates are required to meet the income criteria.
Minimum Payment Amount for GIS for 60 to 64 Years
GIS Payment Amount is based on your annual income or CPI (Consumer Price Index). According to the information CPI increased by 3.2% in 2024. If the CPI percentage increases, then you can see an increment in your retirement benefit. CPI measures the Old Age Security payments amount. Candidates can check the below-mentioned payment amount for citizens aged 60 to 64, according to the situation:
| Situations | Annual income | Maximum Payment Amount |
| If your spouse or common-law partner is a recipient of GIS and a full OAS pension | Combined income for a couple (less than $39,984 | Up to $1,352.69 |
| If you are a survivor or have a spouse or common-law partner | Less than $29,112 | Up to $1,614.89 |
How to Apply for GIS Allowance?
Interested applicants can follow the below-mentioned stages to apply for the GIS Allowance.
- When to apply
Interested candidates have to apply for the benefit 6 to 11 months before they turn 60.
- Collect Information
- Your SIN (Social Insurance Number).
- Info about your spouse or common-law partners such as birth date, SIN digits, and annual income.
- Residency documentation since.
- Finance data to sign up for direct deposit.
- Your type of annual income and annual income in CAD.
- Submit Online Application
Interested candidates can apply online for the GIS Allowance, for online application MSCA (My Service Canada Account) is a must. You have to visit the authorized portal of Canada.ca and apply by using your MSCA account. If you don’t have an MSCA account, create that first. Submit all the necessary documents submit your online application and take a printout for further requirements.
- Response from Administration end
- If your application gets approved, you will receive a letter from the authority that ends with the amount you will receive each month and, the date of first payment.
- If your application gets disallowed, you will receive a letter with a request to share more information.
- Check your application status
Applied aspirants can check their application position by signing in to my account on the official website. or if you have any further inquiries about the application, you can contact Service Canada.
NOTE: if your application gets rejected and you disagree with the decision, you can raise an investigation within 90 days of receiving your Decision letter. On your investigation, another Service Canada staff will review your request who did not participate in your previous review.