Do I Qualify For The Guaranteed Income Supplement (GIS)?

What is the Guaranteed Income Supplement?

The Guaranteed Income Supplement (GIS) is a non-taxable monthly payment provided to low-income Old Age Security (OAS) pensioners. Just like the OAS, GIS benefits are not tied to employment so you can still collect them if you’re still working or have never been employed. You don’t need to contribute to this program as it’s funded by the government’s general revenues.

How does the GIS work with Old Age Security?

The GIS is a supplement to OAS that’s intended for low-income seniors. As a result, you need to qualify for OAS first before you can get the GIS.

How does the GIS work with the Canada Pension Plan (CPP)?

GIS payments are different for everyone and your personal amount will depend on your income level. What’s counted as income goes beyond employment earnings. The government considers CPP benefits as income, which means you must report any CPP amounts when applying for the GIS.

How much can I get from the GIS?

GIS payments are calculated using your income and marital status. From July to September, 2023 the maximum monthly payment is $1,043.45 if you’re single, widowed, or divorced. The maximum monthly amount is different if you have a spouse or common-law partner.

The GIS is reviewed quarterly in January, April, July, and October, and amounts may fluctuate throughout the year to reflect increases in the cost of living based on the Consumer Price Index. Monthly payment amounts don’t decrease if the cost of living goes down.

When is the GIS paid in 2023?

Your first payment will arrive the month after you turn 65. If you set up direct deposit, you’ll get your GIS payments on the following dates in 2024:

What are the maximum income levels to qualify for the GIS?

To qualify for the GIS, your income must be below $21,624 if you’re single, widowed, or divorced.

If you have a spouse or common-law partner, your combined income has to be below:

• $28,560 if your partner receives the full OAS pension
• $51,840 if your partner does not receive an OAS pension or the Allowance
• $39,984 if your partner receives the Allowance

You’ll need to determine your income and deductions before applying for the GIS.

Sources of income include:

• CPP or Quebec Pension Plan (QPP) benefits
• Other pension income (i.e. private pensions, superannuation, and foreign pension income)
• Registered Retirement Savings Plans (RRSPs) that you cashed during the year
• Employment Insurance (EI) benefits
• Interest and other investment income
• Capital gains and taxable Canadian dividends
• Net income from any rental properties
• Net employment or self-employment income
• Other income from sources (i.e. workers' compensation payments and alimony)

The following payments, contributions, and deductions are not counted as income:

• Payments from OAS, GIS, Allowance, or Allowance for the Survivor
• CPP or QPP contributions and your EI premiums
• CPP or QPP contributions and your EI premiums of net self-employment income
• Deductions like union dues, RRSP deduction, moving expenses, and other employment expenses

You can also earn up to $5,000 and still receive the full benefit amount if you’re employed or self-employed. When earnings fall between $5,000 and $15,000, your GIS payment will be reduced by 50 cents for every dollar of income you make.

What are the other eligibility requirements for the GIS?

In addition to the income requirements, you must also be 65 or older, live in Canada, and collect the OAS pension to get the GIS.

You may still be eligible for the GIS if you moved to Canada. Eligibility depends on how long you’ve lived in Canada and whether or not you are a sponsored immigrant (see full details here).

How do I apply for the GIS?

In most cases, Service Canada will automatically enroll you for the GIS. You should get a letter the month after you turn 64 stating when you can start collecting the benefit. Contact Service Canada if your letter never arrives.

Sometimes the government doesn’t have enough information about you to enroll you automatically.

You’ll have to apply if you:

• are already collecting the OAS but never received the GIS
• get a letter with incorrect information or instructions to apply

Applications are done online. You can also submit a paper application using Form ISP-3550 (OAS and GIS) and Form ISP-3023 (GIS only).

Before you start, make sure you have the following information:

• Social Insurance Number (SIN)
• information about your spouse or common-law partner (if applicable)
• information about the countries you lived in since age 18
• your bank details so you can sign up for direct deposit
• the date you would like your GIS payments to begin
• your reduction in employment or pension income (if applicable)

Once you start collecting the GIS, remember to file your taxes by the deadline every year to prevent payment disruptions.

Related articles:

• How Much Is Old Age Security (OAS) In 2022 (And Who Qualifies?)
• How Much Can You Get With The CPP Disability Benefit?
• Who Is Eligible For The GST/HST Credit & How Much Can You Get?