$1,717 GIS Payment Boost in December 2024: The Guaranteed Income Supplement (GIS) is a vital support program that helps low-income seniors in Canada meet their basic living expenses. In December 2024, the Canadian government announced a significant increase in the GIS payment, raising it to $1,717 per month for eligible individuals. This increase is aimed at ensuring that seniors can live with dignity and security, especially those who rely on GIS as a primary source of income. In this article, we’ll explore how the GIS payment works, the eligibility criteria for the new benefit amounts, and when you can expect to get paid.
$1,717 GIS Payment Boost in December 2024
The $1,717 GIS payment boost in December 2024 is a welcome relief for many seniors in Canada. By increasing the maximum GIS payment, the government is helping to address the rising cost of living and supporting low-income seniors in maintaining their well-being during retirement. If you qualify, ensure that you file your taxes on time and follow the application process to receive your GIS payments on schedule.
| Aspect | Details |
|---|---|
| New Maximum GIS Payment | $1,717 per month, effective December 2024. (sdmgi.org) |
| Eligibility Criteria | – Aged 65 or older. Resident of Canada. Receiving Old Age Security (OAS) pension. Income below specified thresholds based on marital status. |
| Income Thresholds | Single, widowed, or divorced: Annual income below $22,056. Married/common-law, spouse receives OAS: Combined income below $29,136. Married/common-law, spouse receives GIS: Combined income below $40,800. Married/common-law, spouse receives neither OAS nor GIS: Combined income below $52,848. |
| Payment Date | December 20, 2024 |
| Official Resource | Government of Canada – Guaranteed Income Supplement |
What Is the Guaranteed Income Supplement (GIS)?
The Guaranteed Income Supplement (GIS) is a non-taxable financial benefit available to low-income seniors who are already receiving the Old Age Security (OAS) pension in Canada. GIS is designed to help seniors who do not have enough income to support themselves and who rely on government assistance for their day-to-day expenses.
The GIS provides an important financial boost to seniors who need it most, allowing them to meet basic living expenses such as housing, food, and healthcare. As of December 2024, the maximum monthly GIS payment has increased to $1,717, helping even more seniors maintain a decent standard of living.
Eligibility Criteria for GIS
To qualify for the GIS, you must meet specific eligibility criteria, including age, residency, and income requirements. Here’s what you need to know:
- Age:
- You must be 65 years old or older to qualify for GIS. Seniors under 65 may be eligible for other benefits but would not qualify for GIS unless they meet the age requirement.
- Residency:
- You must be a resident of Canada to qualify. If you are a Canadian citizen or permanent resident, you are eligible, but you must live in Canada during the time that GIS payments are being issued.
- Old Age Security (OAS) Pension:
- You must already be receiving the OAS pension, which is the base amount provided to seniors in Canada. If you are not yet receiving OAS, you will need to apply for it before applying for GIS.
- Income Thresholds:
- Your income must be below a certain threshold, which varies based on your marital status. If you are married or living in a common-law relationship, your combined income with your spouse/partner will be considered. The 2024 GIS income thresholds are as follows:
- Single, widowed, or divorced: Your income must be less than $22,056 per year.
- Married/common-law, spouse receives OAS: Combined household income must be less than $29,136.
- Married/common-law, spouse receives GIS: Combined household income must be less than $40,800.
- Married/common-law, spouse receives neither OAS nor GIS: Combined household income must be less than $52,848.
For a detailed breakdown of GIS eligibility and to check if you qualify, visit the Government of Canada’s GIS page.
How Much Is the GIS Payment in December 2024?
For December 2024, the maximum GIS payment has been increased to $1,717 per month for eligible individuals. This increase is part of the Canadian government’s ongoing efforts to provide better financial support to seniors facing challenges due to rising living costs.
The amount of the GIS payment you receive depends on your income level and whether you qualify for the full benefit. The GIS payment is designed to provide assistance to those with the lowest incomes, while higher-income seniors receive reduced amounts.
For example:
- If you are single, widowed, or divorced and earn below the income threshold of $22,056 annually, you could receive up to $1,717 per month.
- If you are married or living in a common-law relationship, the GIS payment may vary based on your spouse’s income and whether they are receiving OAS or GIS.
When Will You Get Paid?
The GIS payment is typically made on the third Wednesday of each month. For December 2024, the payment will be distributed on December 20, 2024. If the payment date falls on a weekend or a holiday, the payment is typically made on the preceding working day.
How to Apply for $1,717 GIS Payment Boost in December 2024?
If you’re eligible for GIS, you will automatically be enrolled when you apply for Old Age Security (OAS). However, it’s essential to file your annual tax returns so that Service Canada can verify your income and determine your eligibility for GIS. Here’s how to apply:
- Step 1: Apply for OAS:
- If you’re not already receiving OAS, you need to apply. You can apply online through the Service Canada website.
- Step 2: File Taxes Annually:
- Ensure you file your tax returns every year so that Service Canada has accurate information about your income and can calculate the correct GIS amount for you.
- Step 3: Service Canada Notification:
- If you’re eligible for GIS, Service Canada will notify you, and the payments will be automatically deposited along with your OAS. You do not need to apply separately for GIS unless you meet specific conditions (such as changes in your income or marital status).
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Frequently Asked Questions (FAQs)
Q1: Is the GIS payment taxable?
A1: No, the GIS payment is non-taxable. It is meant to provide financial support to low-income seniors without increasing their tax liability.
Q2: Can I receive GIS if I live outside of Canada?
A2: Generally, the GIS is available only to seniors living in Canada. However, if you are temporarily abroad and receiving OAS, you may still qualify for GIS depending on the length of your stay.
Q3: How can I check my GIS payment status?
A3: You can check your GIS payment status by logging into your My Service Canada Account or by contacting Service Canada for assistance.
Q4: What happens if I miss filing my taxes?
A4: Failure to file your taxes can delay or stop your GIS payments. Be sure to file your taxes on time to ensure continuous GIS payments.
Q5: How often is GIS paid?
A5: GIS is paid monthly, typically on the third Wednesday of each month, though this can vary depending on weekends and holidays.
