Canada Guaranteed Income Supplement 2024 – Know All About GIS Canada, Amount & its Eligibility

The Canada Revenue Agency (CRA) Provides the Guaranteed Income Supplement 2024 to seniors Aged 65 years this year. Seniors who are 65 years old or above and receiving Old Age Pension are eligible to benefit from the Canada GIS 2024. Administered by the federal government of Canada, this income supplement aims to provide monetary assistance to the country’s low-income seniors. We have illustrated details on What Canada Guaranteed Income Supplement 2024 is, its eligibility criteria, its application procedure, and how much you can receive through this page.

Canada Guaranteed Income Supplement 2024

The federal government of Canada and the CRA provides the GIS payment to eligible seniors who are 65 years old or above. The payment is non-taxable and the payment amount one is eligible to claim may vary as per his/her income. Generally, the department notifies the applicable seniors regarding the payment a month after they turn 65 years old. Eligible seniors who get monthly CRA payments under the OId Age Pension will receive a letter regarding their eligibility for the Guaranteed Income Supplement 2024. However, in some instances like lack of information about a beneficiary, the CRA asks the beneficiaries to apply for the payment.

In addition to this, if a person is receiving the Old Age Security and did not receive the GIS, CRA will ask them to submit an application on My Service Canada Account (MSCA). Claimants are advised that the GIS payment does not arrive separately. Instead, the payment is added to the Old Age Pension and you can receive your benefit as one payment. The payment arrives on a monthly basis via direct deposit to the respective bank accounts of the eligible claimants. On the other hand, for beneficiaries who opt not to receive the payment via direct deposit, the CRA will distribute the payment via cheque.

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Guaranteed Income Supplement 2024 Quick Overview

Title	Guaranteed Income Supplement 2024
Country	Canada
Department	Canada Revenue Agency (CRA)
Governed by	The Federal Government of Canada
Category	Government aid
Applicable for	Old Age Security Pensioners
Purpose	To provide financial assistance
Payment Frequency	Monthly
Year	2024
Official website	canada.ca

Canada Guaranteed Income Supplement 2024 Eligibility

The CRA has set certain guidelines for which a claimant must qualify to receive the Guaranteed Income Supplement 2024. As per the eligibility criteria, a claimant must meet the following conditions to be eligible for GIS 2024:

• Must be a citizen of Canada and permanently living in the country.
• He/she must be 65 years old or above.
• He/she must be receiving an Old Age Security (OAS) pension from the Canada Revenue Agency (CRA).
• As for the income criteria, claimants can check the following table to check whether they are eligible for the GIS 2024:

Category	Income Limit
If you are single, widowed, or divorced	$21,768
If your spouse / common-law partner receives an OAS payment	$28,752
Spouse / common-law partner does not receive an OAS payment	$52,176
Spouse / common-law partner receives an allowance	$40,272

NOTE: For the immigrants in Canada, the CRA has set different eligibility requirements. To check the same, one can visit the official website of the CRA.

Canada GIS Payment Amount 2024

The Guaranteed Income Supplement 2024 a claimant is entitled to claim depends on his/her income of last year. The GIS is subject to inflation and cost of living and revised by the CRA in April, July, and October each year. The claimants who are receiving Old Age Security Pension in 2024 can check the GIS payment amount and income limit as per their situation in the following table:

The situation of the claimant	Income limit	GIS payment amount
Single, widowed, or divorced	Must be below $21,768	Up to $1,072.93
Have a spouse or common-law partner who gets full OAS payments	Must be below $28,752 (combined income)	Up to $645.84
Have a spouse or common-law partner who gets an allowance	Must be below $40,272 (combined income)	Up to 645.84
Have a spouse or common-law partner who does not get OAS and allowance	Must be below $52,176 (combined income)	Up to 1,072.93

NOTE: The GIS payment amount available in the aforementioned table applies from July to September 2024. The payment is expected to be revised by the CRA in October 2024 to keep up with the cost of living measured by the Consumer Price Index (CPI).

How to Apply For Canada Guaranteed Income Supplement 2024?

The low-income seniors who received a letter from the CRA or have never received the GIS payment will need to apply for the Guaranteed Income Supplement 2024. Applicants can follow the step-by-step guide on the application procedure available at the following points:

First you need to gather the mandatory information including:

• Social Insurance Number (SIN)
• SIN and Date of Birth of your spouse or common-law partner if have one
• Banking information for direct deposit of the payment
• Information about the countries in which you lived after turning 18 years of age
• Date to start the payment

After gathering the information, log in to your My Service Canada Account (MSCA) and apply for the GIS 2024.

• If you do not have an MSCA account, you can create one.
• Provide all the information as asked on the portal and submit the application.
• If you do not wish to apply online, you can do the same by filling out the paper application form.
• Wait for the decision on your application from the department.
• In case you disagree with the application decision by the CRA, you can request a review of your application within 90 days of receiving the decision letter.

For more information regarding the Guaranteed Income Supplement 2024, you can also visit the official website of the CRA.

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