The Government has announced the Guaranteed Income Supplement, for those senior citizens who facing financial crisis. At the age of 65, you will be able to receive the GIS monthly assistance from CRA. Through this program government of Canada, wants to deliver monthly assistance to senior citizens to manage their basic expenses without making any compromises. Seniors are required to fulfill the GIS Eligibility Criteria to qualify for the assistance. In this article, you will get the complete details regarding the Guaranteed Income Supplement: Eligibility Changes, Payment Amount, and Updates.
Guaranteed Income Supplement July 2024
The GIS Payment Amount would be based on your annual income and dependent family members, you have. Senior you will qualify for the assistance and will get sufficient monthly income to manage basic expenses such as rent, food, medication, etc. If you are a recipient of OAS income, then you don’t need to apply separately but in some cases, you have to. This monthly payment will directly get accredited into the receiver’s joined bank account.
If you are a senior citizen of Canada and wish to receive the Guaranteed Income Supplement. The minimum age to start the GIS allowance is 65. Read this article carefully, each section will give you significant information regarding the GIS Allowance.
GIS Allowance 2024 – Overview
| Article Title | Guaranteed Income Supplement: Eligibility Changes, Payment Amount, and Updates |
| Department | Canada Revenue Agency |
| Country | Canada |
| Benefit Amount | Based on your annual income and dependent family members |
| Payment Frequency | Each month |
| Recipient’s | Senior citizens of Canada |
| Category | Financial Aid |
| Official website | Canada.ca |
GIS Eligibility Criteria
Citizens who wish to receive the GIS Allowance, are required to meet the GIS Eligibility Criteria. It is compulsory to check the eligibility criteria before Applying for any benefit. Canadian citizens can check the below-mentioned requirements to be eligible for GIS Allowance.
- The compulsory age to qualify for GIS is 65.
- You must be a long-lasting native of Canada.
- It is important to be a recipient of old age security.
- You must complete your 10 years of residency in Canada since you turned 18.
- If you are penalized, then you will not receive any allowance.
- If you are living outside Canada for work purposes, then you have to complete your 20-year residency in Canada since you turned 20.
Nations are obligated to meet the mentioned necessities to be eligible for the GIS Allowance. If you fulfill all the criteria, CRA will consider you as a qualified citizen of particular benefit. CRA will determine your eligibility and if you qualify then enroll you for it. For further queries, candidates can also visit the official portal of Canada.ca.
Guaranteed Income Supplement Payment Amount
The Canadian government provides a sufficient GIS Allowance Amount, which will be based on your Yearly income and reliant on family members. Seniors can see the table below to check their payment amount.
| Situations | Your yearly income should be | Maximum Payment, you will receive |
| You are single, widowed, and divorced | Greater than $21,768 | $1,072.93 |
| You have a common-law partner/spouse who receives Full OAS | less than but a Combined $28,752 | $645.84 |
| You have a common-law partner/spouse who receives an allowance | less than but a Combined $40,272 | $645.84 |
| You have a common-law partner/spouse who does not receive Full OAS | less than but a Combined $57,176 | $1,072.93 |
These benefit amounts have been announced for seniors who are facing financial difficulties. Through this GIS Allowance, the government wants to deliver assurance among seniors, that they will receive a sufficient amount as a Guaranteed income supplemental Allowance, to manage their basic expenses. Every month, the government delivers this benefit amount to eligible senior’s linked bank accounts. With the benefit amount, seniors can manage their basic expenses without making any compromises. If you are a recipient of the Old Age Senior pension plan, you will be able to receive the GIS Monthly Assistance.
How to Apply for GIS?
If you are a recipient of OAS and meet the GIS eligibility criteria, then the government will directly enroll you in the GIS Allowance but in some cases, you need to apply for it. CRA has mentioned the situations where you have to apply, on the official website of Canada.ca. Seniors who meet the eligibility criteria can follow the below-mentioned steps to apply for the GIS allowance.
- You are not able to apply for the GIS Allowance until you receive a permission letter from the government end to directly request to apply.
- You have to send a printed copy of the GIS application form 2023 with the letter you received.
- Even If you didn’t get the latter you can check the GIS Allowance eligibility criteria. If you are receiving an OAS amount.
- Complete all the compulsory arenas and make sure you deliver certified copies of the required documents and submit them to Service of Canada via mail, or you can submit all these documents in person at their office.
- Open your registered (MSCA) My Service Canada account, complete the application process, assign the compulsory papers, and submit it through standard methods.
By following the mentioned steps, you will be able to apply for the Allowance if required.
Guaranteed Income Supplement Updates
The Canada Revenue Agency has made some changes to the Guaranteed Income Supplement which will affect the GIS Payment Amount. You can check the below-mentioned GIS Updates.
- A pensioner who is widowed, divorced, or unmarried in 2024, can see compensation raised to $7,072.93 in their monthly GIS Allowance.
- You should apply for Old Age Security plan to be qualified for the GIS.
- Your annual income and marital status will impact, your GIS Allowance Payment Amount.
- By the age of 65, you can apply for it.
- You can also apply for survivor allowance at the age of 64.