Guaranteed Income Supplement: How much you could receive
Learn more about the latest updates related to the coronavirus disease (COVID-19) outbreak:
Guaranteed Income Supplement amounts – January to March 2021
|Your situation||Maximum monthly payment amount||Your annual income must be|
|If you are a single, widowed, or divorced pensioner||$919.12||Less than $18,648|
|Your situation||Maximum monthly payment amount||Your annual income plus the annual income of your spouse/common-law partner must be|
|If your spouse/common-law partner receives the full OAS pension||$553.28||Less than $24,624|
|If your spouse/common-law partner does not receive an OAS pension||$919.12||Less than $44,688|
|If your spouse/common-law partner receives the Allowance||$553.28||Less than $44,688|
Depending on your situation, you can find the exact amount you would receive each month.
The Guaranteed Income Supplement (GIS) benefit is reviewed in January, April, July and October to reflect increases in the cost of living as measured by the Consumer Price Index. Your monthly payment amount will not decrease if the cost of living goes down.
You can receive your benefit payment by cheque or direct deposit to your banking account in Canada. You will have to sign up for direct deposit.
If your income this year is less than last year
Did you recently retire or experienced a drop in income? If your income is less than what you reported on your tax form last year, contact us.
If you disagree with the amount you receive
If your letter from us lists a payment amount you think is incorrect, you must write to us within 90 days after you receive our letter. See more information on how to request a reconsideration.
We review your benefit amount each year
Using your income information from your federal Income tax return, we will review whether you will continue to receive the Guaranteed Income Supplement for the next year.
Every July, you will receive a letter telling you one of the following:
- your benefit will be renewed and the amount for the next 12 months
- your benefit will be stopped
- your benefit will start or resume
- we need your income information
File your taxes on time
You do not have to pay taxes on your Guaranteed Income Supplement payment. You must file your taxes by April 30 every year to avoid any disruption of payments.
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