Monthly Archives: August 2021

#FinancialFridays: Are you a senior on a fixed income? This post is for you!

If you’re 60 years or older and you’re living on a fixed income, this video provides valuable information on Federal financial support through the Guaranteed Income Supplement (GIS). Please note that the eligibility criteria for the 2020 tax year has changed since the preparation of this video. Please see cut-off

#FinancialFridays: Seniors who received the CERB and Canada Recovery Benefit may now not qualify for the GIS or may face drastic reductions to their payments.

For those seniors that received the CERB and the Canada Recovery Benefit, many now will not qualify for the Guaranteed Income Supplement (GIS) or may face drastic reductions to their payments. Like employment insurance, the guaranteed income supplement (GIS) is income-tested. That means the previous year’s taxable earnings _ including