In this article, you will get to know about the $1,065.47 GIS for Single person, Widowed, and Divorced Seniors: Here’s How to Get It. The Guaranteed Income Supplements are a federal assistance program that provides monthly aid to senior citizens. The Canadian Government offers these supplements as a tax-free benefit to Canadians aged 60 and above. With these supplements, single person, widowed, and divorced seniors receive $1,065.47 in monthly assistance. To learn more about the $1,065.47 GIS for senior Canadians, continue reading this article.
Contents
$1,065.47 GIS for Single Person , Widowed, and Divorced Seniors
The Guaranteed Income Supplement (GIS) is a financial aid program for low-income Canadian seniors. Unlike the universal Old Age Security (OAS) and Canada Pension Plan (CPP) benefits, the $1,065.47 GIS is a non-taxable monthly supplement that begins after the age of 65.
The Federal Government of Canada provides these supplements to help seniors with their living expenses. The GIS is determined based on individual income and family status. In 2024, single seniors with an annual income of $21,624 or less are eligible for the GIS. For couples, both must receive their old age service, and their combined yearly income must be $28,560 CAD or less.
Couples where one person is receiving OAS will qualify for GIS if their combined annual income is $51,840 CAD or less. For couples where one person is receiving the allowance, the combined yearly income must be $39,984 CAD or less. The GIS amount and eligibility are adjusted quarterly based on the Consumer Price Index. These supplements are only available to those receiving an OAS pension, have an income below the maximum threshold, and are residents of Canada.
Single , widowed, and divorced seniors with an annual income of $21,624 CAD or less can receive the $1,065.47 GIS monthly. The GIS amount is based on the previous year’s taxable income and the individual’s marital status. This includes calculations from Tax-Free Savings Accounts (TFSA), lottery winnings, GIS, and most inheritances.
In some instances, if a person’s income exceeds the benefit income, it may result in lower retirement income and a reduction in pension income. Eligible seniors with an income below the threshold who receive OAS payments will receive $1,065.47 in GIS.
Here’s How to Get $1,065.47
The Guaranteed Income Supplements are provided based on individual income and eligibility criteria. To apply for GIS, you must submit a written application to the Canada Revenue Agency (CRA) after you begin receiving your Old Age Security benefits. Each provider has different mail forms, so applicants must select and send their application to the appropriate PO Box. You can also contact the authorities at 1-800-277-9914.
The GIS will automatically be provided after filing your income tax return. These benefits are available to those aged 60 to 64. Recipients who qualify for GIS and have a combined income below the $39,984 CAD threshold for 2024 will receive the $1,065.47 monthly GIS payment after confirmation.
2024 GIS Payment Dates
For the year 2024, the GIS payments will be distributed on the following dates:
| Month | GIS Benefits Date |
|---|---|
| Jan 2024 | 29 |
| Feb 2024 | 27 |
| Mar 2024 | 26 |
| Apr 2024 | 26 |
| May 2024 | 29 |
| Jun 2024 | 26 |
| Jul 2024 | 29 |
| Aug 2024 | 28 |
| Sep 2024 | 25 |
| Oct 2024 | 29 |
| Nov 2024 | 27 |
| Dec 2024 | 20 |
On these dates, beneficiaries will receive their $1,065.47 GIS. This supplement helps low-income seniors receive additional support alongside their OAS pension. The Federal Government distributes these payments based on individual income and needs. Single, widowed, and divorced seniors receive specific assistance to help with their living expenses.
The Canada Revenue Agency deposits these payments directly into the beneficiaries’ bank accounts. The supplement amounts vary: some individuals receive $641.35 monthly, while others will receive $1,065.47 starting in 2024. The supplements depend on individual income, and the federal department combines income with the threshold to determine the payment.