Are you a senior in Canada wondering if you qualify for the GIS Allowance? The Guaranteed Income Supplement (GIS) is a monthly payment for low-income seniors who are already receiving the Old Age Security (OAS) pension. This guide will help you understand what GIS Allowances are, how to check your eligibility, and how to apply for them.
What are GIS Allowances?
The GIS Allowance is a benefit provided by the Canadian government to help low-income seniors. It’s an additional payment on top of the OAS pension. The amount you receive depends on your income and whether you are single, married, or in a common-law partnership.
Eligibility Criteria for GIS Allowance
To qualify for the GIS Allowance, you need to meet certain criteria:
- Age: You must be 65 years or older.
- Residency: You must live in Canada.
- OAS Pension: You must be receiving the Old Age Security (OAS) pension.
- Income Limits:
- Single individuals: Annual income must be below CAD 21,456.
- Married or common-law partners: Combined income must be below CAD 51,408 if one partner does not receive OAS, and below CAD 39,648 if both receive OAS.
- Immigrants: Must have lived in Canada for at least 10 years after turning 18.
- Tax Filing: Must file an income tax return on time.
Check If You Are Eligible
If you meet the age, residency, and income criteria mentioned above, you are likely eligible for the GIS Allowance. The government automatically assesses your eligibility based on your tax returns. However, you can also check your status online or contact the Canada Revenue Agency (CRA).
How to Apply for GIS Allowances?
Applying for GIS Allowances is straightforward. Here are the steps:
- Get the Application Form: Contact the GIS helpdesk at 1-800-277-9914 to receive the form.
- Fill Out the Form: Include your Social Insurance Number (SIN), personal information, banking details, preferred start date for payments, and any pension income information.
- Submit the Form: Attach all required documents and submit the form through the CRA web portal.
- Wait for Approval: The authorities will review your application and inform you of their decision within 2 to 3 months.
Important Information
It’s essential to apply for GIS Allowances at least one month after turning 64. Make sure to file your tax return on time to avoid any delays. Once approved, you will start receiving your payments on the date you specified in your application.
FAQ’s
What is the GIS Allowance?
The GIS (Guaranteed Income Supplement) Allowance is a monthly payment for low-income Canadian seniors who receive the Old Age Security (OAS) pension. It helps supplement their income to ensure they have enough financial support in retirement.
Who is eligible for GIS Allowances?
To qualify for GIS Allowances, you must be 65 or older, live in Canada, receive the OAS pension, and meet specific income limits. Single individuals must have an annual income below CAD 21,456, while couples and those not receiving OAS have different thresholds.
How do I apply for GIS Allowances?
To apply for GIS Allowances, contact the helpdesk at 1-800-277-9914 to get the application form. Fill it out with your personal information, banking details, and income information. Submit the completed form through the Canada Revenue Agency (CRA) web portal.