The Guaranteed Income Supplement (GIS) provides financial assistance to low-income Canadian seniors receiving Old Age Security (OAS). In 2025, eligible seniors may receive up to $2,100 quarterly, along with a one-time $500 bonus.
$500 Extra Payment
In 2025, the federal government is providing a one-time $500 payment to seniors as part of the regular GIS income support.
This aims to help seniors manage rising living costs. Current GIS recipients will receive this payment automatically.
Eligibility for GIS
To qualify for GIS, you must:
- Be 65 years or older.
- Receive an Old Age Security pension.
- Be a Canadian citizen or legal resident.
- Have an annual income below the specified thresholds:
- Single seniors: Less than $20,952.
- Married or common-law couples:
- Both receiving GIS: Combined income below $27,648.
- One receiving GIS: Combined income below $48,432.
Eligibility is determined based on your previous year’s income.
How to Apply for GIS
If not automatically enrolled, apply by:
- Completing the GIS application form available on the Government of Canada website.
- Providing supporting documents, such as your Notice of Assessment from the Canada Revenue Agency (CRA).
- Submitting your application to the nearest Service Canada office or online via your My Service Canada Account.
Ensure you file your income tax return annually to maintain eligibility.
GIS Payment Amounts
GIS payments vary based on marital status and income.
| Marital Status | Maximum Monthly GIS | Maximum Quarterly GIS | Annual Income Threshold | Additional Payment |
|---|---|---|---|---|
| Single | $700 | $2,100 | <$20,952 | $500 one-time |
| Married (both receiving OAS) | $530 each | $1,590 each | <$27,648 combined | $500 one-time each |
| Married (one receiving OAS) | $700 | $2,100 | <$48,432 combined | $500 one-time |
These amounts are adjusted quarterly for inflation.
Importance of Filing Taxes
Filing your income tax return is crucial for GIS eligibility, as Service Canada uses this information to calculate benefits. Failure to file may result in loss of payments. Ensure you file your 2024 taxes before the April 2025 deadline.
Benefits of the GIS Program
- Financial Security: Assists low-income seniors in affording basic living essentials.
- Non-Taxable Income: GIS payments are not subject to tax.
- Inflation Adjustment: Payments increase with inflation to maintain purchasing power.
Conclusion
The GIS program offers significant financial support to eligible Canadian seniors, with up to $2,100 quarterly payments and a one-time $500 bonus in 2025. Understanding eligibility criteria and ensuring timely tax filings are essential to maximize these benefits.
FAQs
What is the Guaranteed Income Supplement (GIS)?
The GIS is a non-taxable benefit that provides financial assistance to low-income Canadian seniors receiving Old Age Security (OAS).
How much can I receive from GIS in 2025?
Eligible seniors may receive up to $700 monthly ($2,100 quarterly), with a one-time $500 payment in 2025.
Who is eligible for the $500 extra payment?
All seniors eligible for GIS in 2025 will automatically receive the one-time $500 payment.
Do I need to apply for the $500 payment separately?
No, if you’re already receiving GIS, the $500 payment will be issued automatically.
How do I apply for GIS?
If not automatically enrolled, complete the GIS application form, provide necessary documents, and submit it to Service Canada.
I will be 65 next month. Do I have to apply?