Happy Money Monday! Today on Terminology Talk were defining: Guaranteed Income Supplement (GIS).
The Guaranteed Income Supplement is designed to provide additional income for low-income Canadian residents.
Recipients must be receiving the basic OAS (Old Age Supplement) pension before applying for GIS. Therefore, the age requirements are the same for GIS and OAS. However, note that because it is only for residents of Canada, it will not be paid to Canadians living outside of Canada.
The income thresholds vary with marital status, so it is important to inform the government of any changes such as separation, or death of a spouse.
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Happy Money Monday! Today on Terminology Talk were defining: Guaranteed Income Supplement (GIS). 
