GOVERNMENT HELP FOR LOW INCOME CANADIANS - Guaranteed Income Supplement

The Guaranteed Income Supplement is a government program for seniors. The purpose of the program is to provide government help for low income Canadians.

Learn how the program works, if you qualify and how much you could get.

WHAT TO WATCH NEXT:

Useful Links:

// LINKS

// MAIL

The Independent Dollar
P.O. Box 85011
1250 Stittsville Main Street
Stittsville, ON K2S 1X6

***** IS THERE A TOPIC YOU WOULD LIKE TO LEARN ABOUT
OR HAVE QUESTIONS ABOUT A FINANCIAL SITUATION? *****

If there is a scenario or example you would like to see, comment to let me know or send me an email or msg on twitter.

[MrKhabbu]

I am 65 plus, receiving OAS and GIS. Both and total income is less than 20, 000 but my wife gets a allowance of 561 per month only . According to you it should be 1165 . Both of us are Canadian citizens

[privateerburrows]

At 0:16 it says in order to qualify you must be receiving OAS; I have no idea what OAS is.
EDIT: Is this something that applies to Ontario only? If so, it should say so prominently, preferably in the name of the video; and definitely in the description.
EDIT2: Never mind; Old Age Security; and I would need to be 65 to qualify; I'm only 63... So I'm F.

[lastempire]

Wow, I trade on stocks and derivatives for living and I couldn't figure out how this pension system works. I can only imagine how smooth it's gonna be for my parents who can barely operate a smart phone.

[allanfries]

So from what I gather then, a single person could apply for the allowance as well, if income is less than $18, 600.00 a yr.

[robharker]

When are you going to do a video on " Canadian Economic Refugees "

[hiketimmerman]

What happens when your income stops? Do they asses your gis based on an estimate going forward? Obviously last years income doesn't help you when this year you have no employment. What about the $5000 deduction from income? And the 50% after that to 15k? Do you know how that works? The government site is very confusing.

[esdrabarreto]

Can you quantify to receive the Allowance if your single?

[mohammedasif]

Very information. When you income 18000 I guess it's after retirement? Thank you

[kennethmcfeeters]

When you talk about combined household income limits, is that net or gross income....and does it include OAS?....I love your videos

[mvincent]

As a GIS and OAS receiver, I know I cannot leave Canada for more than 6 month/ What id I leave Canada for say 5 months and 28 days, and come back for a short period of the time, them stay overseas for another long period, , but shorter than 6 months. If I keep doing this, can I still entitle to receiving GOS and OAS?

[castlekeep]

on u tube there is no link below that was given to click on.

[patleeder]

Hello I watched your video for the gis and was hoping you can help me. I am presently 69. Until the pandemic hit I was receiving $41 a month in gis because I was still working full-time. Due to health reasons I retired and received CRB and EI last year in sept of 2022 I received my last cheque so been living off those incomes since this then. Since this year's income with oas. Cpp and gis made a total income of 13, 000. When I get my income tax done this year will my gis increase to the max? Btw I am widowed thank-you for your help. Pat

[elizabethp]

what benefits i get if my husband passed away at the age of 64 yrs & he works 20 yrs in one company now im going 63 this year last year i received the OAS & GIS but because i received the crb and add to my income plus i work as partime when the pandemic started i loss half of my income when i applied the income tax they cut my benefits last july because of my income … What benefits im gonna get from my hisband if i reach 65 ?

[johnnyv]

So as a married couple can we both apply if our max household income is below $45k? We are in Quebec, so CPP equivalent I'll get approx. $950 and my wife $750($20k/yr). Not sure if I need to add OAS when calculating but even then we would be below the $45k and we would have no other taxable income. Thank you.

[devipadayachey]

I am 83 have been collecting Oas and Cpp i am still working, if i retire what sort of income
will my spouse and i get to live on.at the moment my spouse and i get about 1500 dollars
amonth for both CPP and OAS, please advise

[khalilelbawab]

i am 78 years old i am not working and i did not have income how i can get help to continou my life even i suffer for serious diseases please informed me

[marcparsons]

Can I collect ODSP and Allowance benefit at same time if I am not over the amount mentioned in this add?

[rhondamclean]

I am 58 and I am on a fixed income I receive 398$ a month this is what I am trying to live on where can I get more help

[marcparsons]

Since I am on ODSP, is that included in my yearly amount for GIS? I am 64 so how do I get allowance

[ajayfotedar]

what if both husband & wife between 60 to 65 & fall under low income ?