Guaranteed Income Supplement – How much could you receive
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3. How much could you receive
The amount of the GIS you receive depends on your marital status and your previous year's income (or in the case of a couple, your combined income).
Consult the table of Old Age Security pension and Guaranteed Income Supplement amounts for current benefit rates.
Couples who are forced to live apart for reasons beyond their control (such as a requirement for long-term care for one or both of you) may be eligible to receive higher GIS or Allowance benefits based on their individual income.
To be eligible, you must advise Service Canada in writing by submitting the Statement – Spouses or Common-law Partners Living apart for Reasons Beyond their Control (SC ISP-3040) explaining your living situation, and indicating the date that you and your spouse or common-law partner were first forced to live apart.
Sources of income and deductions
Use the information slips issued to you for income tax purposes, as well as your federal Income Tax and Benefit Return, to report the following income and deductions:
- Canada Pension Plan (CPP) or Quebec Pension Plan (QPP) benefits
- other pension income, such as private pensions, superannuation and foreign pension income
- Registered Retirement Savings Plans (RRSPs) that you cashed during the year
- Employment Insurance benefits
- interest and other investment income
- capital gains and taxable Canadian dividends
- net income from any rental properties
- net employment income minus the following deductions:
- your CPP or QPP contributions (including CPP or QPP enhancement contributions), and your Employment Insurance (EI) premiums
- net self-employment income minus the following deductions:
- your CPP or QPP contributions (including CPP or QPP enhancement contributions) on self-employment, and your EI premiums
- other income from sources such as workers’ compensation payments and alimony; and
- other deductions, such as union dues, RRSP deduction, moving expenses and other employment expenses
Enhancements to the Guaranteed Income Supplement and the Allowance
Effective July 2020, the following enhancements to the Guaranteed Income Supplement (GIS) earnings exemption will come into effect:
- expanded eligibility for the earnings exemption to include both employment and self-employment income
- an increase to the amount of the full exemption from $3,500 to $5,000 per year for each GIS or Allowance recipient, as well as their spouse or common-law partner, and
- a new partial exemption of 50%, to apply on up to $10,000 of annual employment and self-employment income beyond the new $5,000 threshold for each GIS or Allowance recipient, as well as their spouse or common-law partner
The enhanced earnings exemption will become effective for the July 2020 to June 2021 payment period and will apply to income made in the 2019 calendar year or later. Upon receipt of your annual income (and/or your spouse’s or common-law partner’s income), Service Canada will automatically apply the new GIS earnings exemption. The maximum amount of earnings that can be exempted is $10,000.
You will find instructions on how to report your income and deductions on the Instruction Sheet for the Guaranteed Income Supplement or Statement of Income for the Allowance or Allowance for the Survivor that is available on the Application for the Guaranteed Income Supplement or Statement of Income for Allowance or Allowance for the Survivor form.
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