Canada $500/M + $2100 GIS Boost in 2024: Who Qualifies & How to Apply In 2024, Canada is increasing the Guaranteed Income Supplement (GIS) for low-income seniors by $500/month + $2100. Eligible seniors will get the extra cash to help with rising living costs. Below we’ll break down who’s eligible, how to apply, payment dates and tips to manage these benefits.
What is the Guaranteed Income Supplement (GIS)?
The GIS is a monthly, non-taxable benefit for low-income seniors who already receive Old Age Security (OAS). It helps with food, housing and healthcare. In 2024, eligible seniors will see a big increase, much needed in tough economic times.
Who gets the $500/Month + $2100 Increase?
To get this extra cash, seniors must meet these criteria:
1. Age and Residency Requirements
- Age: You must be 65 years old or older.
- Residency: You must be a Canadian resident and already receiving OAS.
2. Income Thresholds
Eligibility depends on your annual income and if applicable, your spouse’s income:
- Single, Widowed or Divorced: Annual income below $22,056.
- Married (Both Receiving OAS): Combined income below $29,136.
- Married (One Receiving Allowance): Combined income below $40,800.
- Married (Spouse Not Receiving OAS): Combined income below $52,848.
Maximum Monthly Payments (October to December 2024)
| Status | Income Threshold | Maximum Monthly GIS Payment |
| Single, Widowed or Divorced | <$22,056 | $1,086.88 |
| Married (Both Receiving OAS) | <$29,136 | $654.23 each |
| Married (One Receiving Allowance) | <$40,800 | $654.23 |
| Married (Spouse No OAS) | <$52,848 | $1,086.88 |
How to Apply for GIS Increase in 2024
If you’re eligible, applying is easy. Follow these steps:
Step 1: Check Eligibility
Make sure you meet the age, residency and income requirements.
Step 2: Apply (Not Automatically Enrolled)
If not automatically enrolled, fill out the Guaranteed Income Supplement application form (ISP-3025) through Service Canada.
Step 3: Submit Documents
Provide proof of income and residency.
Step 4: Track Application
Use your My Service Canada Account to check progress.
Step 5: Get Payment Notification
Once approved, you’ll get a confirmation letter and your increased payments will start showing up in your bank account (if set up for direct deposit).
GIS Payment Dates 2024
GIS payments align with OAS payments. For the rest of 2024, payments are as follows:
- November 27, 2024
- December 20, 2024
With the $500 monthly increase, eligible seniors could get up to $1,586.88 per month in 2024.
Practical Tips for Managing Your GIS Benefits
1. Stay Informed
Keep an eye on Government of Canada or Service Canada announcements for updates.
2. File Your Taxes
Filing your taxes ensures your GIS payments don’t stop. Free tax clinics are available across Canada for seniors.
3. Seek Financial Advice
Many community centers offer free financial planning services for seniors. These can help you make the most of your benefits.
4. Explore Other Programs
Beyond GIS, look into other programs like the Allowance for spouses 60-64 of GIS recipients.
Frequently Asked Questions (FAQs)
1. Can I Reapply if I Didn’t Qualify Last Year?
Yes! Eligibility is reassessed annually. If your income has changed, you can reapply.
2. How Does Additional Income Affect GIS Payments?
GIS payments decrease as income rises. Report all income sources, including pensions, to avoid issues.
3. What Income Is Counted in GIS Calculations?
All income sources, including CPP, foreign pensions and investments. Seek tax advice if unsure.
4. Are Foreign Pensions Counted Toward GIS Eligibility?
Yes, foreign pensions are counted as income. Always report them accurately on your tax return.
5. Is Support Available for Non-English/French Speakers?
Yes! Service Canada offers translation services and assistance for seniors with language barriers.