The Federal Government has announced that they are moving up the timeline to repay clawbacks for low-income seniors. These benefits will be distributed to low-income seniors who saw their income top-ups reduced because they received emergency pandemic aid. Payments may flow sooner for those in dire need. The federal government
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
Have you heard about the Guaranteed Income Supplement (GIS)? The GIS is a federal monthly payment which is based on income and is available to low-income Old Age Security pensioners. It is not taxable. You may qualify if… You are a senior 65 years or older. You receive the Old
