$1,717 Monthly GIS Increase Coming in December 2024 – Who can claim it? Check Eligibility & Date

$1,717 Monthly GIS Increase: In a significant move to support seniors, the Canadian government has announced a substantial increase of up to $1,717 per month in the Guaranteed Income Supplement (GIS) starting December 2024. This increase is aimed at helping low-income seniors cope with rising living costs and maintain a dignified standard of living. Here’s everything you need to know about the GIS increase, eligibility criteria, payment dates, and how to apply.

$1,717 Monthly GIS Increase – Key Highlights

Aspect	Details
Increase Amount	Up to $1,717 monthly GIS increase starting December 2024.
Eligibility Criteria	– Must be 65 years or older. – Receiving Old Age Security (OAS) pension. – Annual income below specified thresholds.
Application Process	– Automatic enrollment for eligible individuals. – Manual application required if not automatically enrolled.
Payment Date	First increased payment on December 20, 2024.
Official Resource	Government of Canada – Guaranteed Income Supplement

The $1,717 monthly GIS increase starting in December 2024 is a much-needed lifeline for low-income seniors across Canada. By understanding the eligibility requirements, applying promptly if necessary, and keeping track of payment schedules, seniors can make the most of this enhanced support. Whether you’re planning for retirement or assisting a loved one, staying informed ensures that no one misses out on this critical benefit.

What Is the Guaranteed Income Supplement (GIS)?

The Guaranteed Income Supplement (GIS) is a non-taxable benefit provided to low-income seniors who already receive the Old Age Security (OAS) pension. This benefit is designed to provide additional financial support, ensuring that seniors can cover essential expenses such as housing, healthcare, and daily necessities.

The GIS has long been a cornerstone of Canada’s social support system for seniors, helping those with limited financial resources lead a more comfortable life. This latest increase in GIS payments reflects the government’s commitment to seniors’ well-being amid rising inflation and economic challenges.

Details of the December 2024 GIS Increase

Starting December 2024, eligible seniors may receive up to an additional $1,717 per month through the GIS. This increase is one of the largest adjustments in recent years, aligning with cost-of-living increases and addressing the growing financial pressures faced by seniors.

Eligibility Criteria for the GIS Increase

To qualify for the GIS and benefit from this increase, individuals must meet the following criteria:

1. Age Requirement: Must be 65 years or older.
2. OAS Pension: Must already be receiving the Old Age Security (OAS) pension.
3. Income Thresholds: Annual income must fall below the government-defined limits, which vary based on marital status and whether the spouse or common-law partner receives OAS or GIS.

Income Thresholds for GIS Eligibility

The GIS income thresholds for 2024 are as follows:

Marital Status	Annual Income Threshold
Single, widowed, or divorced	Less than $22,056
Married or common-law partner receiving full OAS	Combined income less than $29,136
Married or common-law partner receiving Allowance	Combined income less than $40,800
Married or common-law partner not receiving OAS or GIS	Combined income less than $52,848

How to Apply for $1,717 Monthly GIS Increase

1. Automatic Enrollment

Most seniors are automatically enrolled for GIS when they start receiving their OAS pension. Service Canada typically reviews income tax returns to determine eligibility.

2. Manual Application

If you are not automatically enrolled, you can apply for GIS by:

• Completing the GIS application form (ISP-3025).
• Submitting the form online through the My Service Canada Account (MSCA).
• Mailing the form to Service Canada.

3. When to Apply

Applications can be submitted anytime. However, applying before December 2024 ensures you benefit from the increase starting from the very first payment.

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Payment Schedule and Dates

The first payment reflecting the increased GIS amount will be issued on December 20, 2024. Subsequent payments will follow the regular monthly schedule, typically around the third week of each month.

Practical Example: Who Benefits?

Scenario 1: Single Senior

• Annual Income: $18,000 from part-time work and savings.
• GIS Increase: Eligible for up to the full $1,717 increase since income falls below the threshold for single seniors.

Scenario 2: Married Couple

• Combined Income: $26,000 from OAS and part-time work.
• GIS Increase: Eligible for partial GIS increase based on income level and spousal situation.

How the GIS Increase Impacts Other Benefits

Receiving an increased GIS amount may affect other income-tested benefits, such as:

• Provincial income supplements.
• Housing subsidies.
• Pharmaceutical assistance programs.

To fully understand how the GIS increase will impact your overall financial situation, consider consulting a financial advisor or contacting Service Canada.

FAQs: Your Questions Answered

Q1: How do I know if I’m eligible for the GIS increase?

If you already receive the OAS pension and your annual income is below the thresholds listed above, you are likely eligible. Service Canada will notify most eligible seniors automatically.

Q2: What if I didn’t file my income tax return?

Filing your annual income tax return is essential for determining GIS eligibility. If you haven’t filed, you can still apply manually but may face delays in receiving payments.

Q3: Can I receive GIS if I live outside Canada?

Generally, the GIS is available only to seniors residing in Canada. Exceptions exist for individuals who lived and worked in Canada for a significant period. Contact Service Canada for specific cases.

Q4: Will the GIS increase affect my tax return?

No, the GIS is a non-taxable benefit and does not need to be reported as income on your tax return.