GOVERNMENT HELP FOR LOW INCOME CANADIANS - Guaranteed Income Supplement

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4 жыл бұрын

The Guaranteed Income Supplement is a government program for seniors. The purpose of the program is to provide government help for low income Canadians.
Learn how the program works, if you qualify and how much you could get.
WHAT TO WATCH NEXT:
OAS The Basics: • THE BASICS OF OLD AGE ...
Useful Links:
How to apply for GIS - CRA Online Application: catalogue.servicecanada.gc.ca...
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Пікірлер: 107

@TheIndependentDollar 4 жыл бұрын

If you live in Ontario, a new credit to be aware for your 2019 taxes that is not mentioned in this video is LIFT - Low-income Individuals and Families Tax Credit. It's available for individuals with low income and minimum wage workers to help refund the cost of provincial taxes. You can learn more about it, any other credits for families this year, in our Tax Credit for Families video: kzfaq.info/get/bejne/q5yEhaeB38imdKs.html.

@krishangupta8792 3 жыл бұрын

U07îppp

@abdoolhamidburtally4927 Жыл бұрын

Thank-you, nicely explained,my question is how much less my earnings to be, to get the His with family total income? please let us know.

@verabrunobossio2857 Жыл бұрын

What line would you see that and how would you apply? And ck that its the correct amount.. retroactively to 2019??

@MrKhabbu 3 жыл бұрын

I am 65 plus ,receiving OAS and GIS. Both and total income is less than 20,000 but my wife gets a allowance of 561 per month only . According to you it should be 1165 . Both of us are Canadian citizens

@kennethmcfeeters4840 3 жыл бұрын

When you talk about combined household income limits, is that net or gross income....and does it include OAS?....I love your videos

@mohammedasif1363 3 жыл бұрын

Very information. When you income 18000 I guess it's after retirement? Thank you

@balbirkaur8125 2 жыл бұрын

Thanx

@johnnyv5995 3 жыл бұрын

So as a married couple can we both apply if our max household income is below $45k? We are in Quebec, so CPP equivalent I'll get approx. $950 and my wife $750($20k/yr). Not sure if I need to add OAS when calculating but even then we would be below the $45k and we would have no other taxable income. Thank you.

@hiketimmerman8894 3 жыл бұрын

What happens when your income stops? Do they asses your gis based on an estimate going forward? Obviously last years income doesn't help you when this year you have no employment. What about the $5000 deduction from income? And the 50% after that to 15k? Do you know how that works? The government site is very confusing.

@castlekeep2789 Жыл бұрын

on u tube there is no link below that was given to click on.

@robharker444 2 жыл бұрын

When are you going to do a video on " Canadian Economic Refugees "

@esdrabarreto260 2 жыл бұрын

Can you quantify to receive the Allowance if your single?

@mvincent1206 3 ай бұрын

As a GIS and OAS receiver, I know I cannot leave Canada for more than 6 month/ What id I leave Canada for say 5 months and 28 days, and come back for a short period of the time, them stay overseas for another long period,, but shorter than 6 months. If I keep doing this, can I still entitle to receiving GOS and OAS?

@elizabethp8590 2 жыл бұрын

what benefits i get if my husband passed away at the age of 64 yrs & he works 20 yrs in one company now im going 63 this year last year i received the OAS & GIS but because i received the crb and add to my income plus i work as partime when the pandemic started i loss half of my income when i applied the income tax they cut my benefits last july because of my income … What benefits im gonna get from my hisband if i reach 65 ?

@patleeder5397 Жыл бұрын

Hello I watched your video for the gis and was hoping you can help me. I am presently 69. Until the pandemic hit I was receiving $41 a month in gis because I was still working full-time. Due to health reasons I retired and received CRB and EI last year in sept of 2022 I received my last cheque so been living off those incomes since this then. Since this year's income with oas. Cpp and gis made a total income of 13,000. When I get my income tax done this year will my gis increase to the max? Btw I am widowed thank-you for your help. Pat

@lastempire7302 2 жыл бұрын

Wow, I trade on stocks and derivatives for living and I couldn't figure out how this pension system works. I can only imagine how smooth it's gonna be for my parents who can barely operate a smart phone.

@TheIndependentDollar 2 жыл бұрын

Hi Last Empire, if your parents have a relatively straight forward tax return, they may be eligible to file their taxes for free with CRA who take care of this for them. CRA started sending out notices last year to clients with simple and predictable tax situations. They would receive a letter in the mail or a message on their CRA "My Account" portal inviting them to participate and the phone number they should call. There are also free tax clinics with CRA where they can meet with someone in person if that is more comfortable for them and discuss all of this in person. Hope that helps 🙂

@gwarlow Жыл бұрын

With a smart person like you around to help them, it should be a breeze.

@devipadayachey2176 2 жыл бұрын

I am 83 have been collecting Oas and Cpp i am still working ,if i retire what sort of income will my spouse and i get to live on.at the moment my spouse and i get about 1500 dollars amonth for both CPP and OAS,please advise

@jimcricket5412 2 жыл бұрын

If one is single,age 60 making less than 18,6oo per year you do not qualify for the allowance , Is that correct?

@ajayfotedar4301 2 жыл бұрын

what if both husband & wife between 60 to 65 & fall under low income ?

@sheilak3835 2 жыл бұрын

When did THE ALLOWANCE COME IN,???

@marcparsons4850 2 жыл бұрын

Can I collect ODSP and Allowance benefit at same time if I am not over the amount mentioned in this add?

@zahirmurji 2 жыл бұрын

When you reach 65 ODSP stops.

@johnlewlockchong 3 жыл бұрын

For the qualified allowance person, do the the combined income includes oas?

@TheIndependentDollar 3 жыл бұрын

OAS, Allowance and GIC are not part of the income for the purposes of the Allowance.

@jimleech4942 3 жыл бұрын

I single mods do i get it 12,204 i make per yer

@25Soupy 3 жыл бұрын

Assuming I meet all the conditions to receive GIS, my math shows me CPP $10,800 + OAS $7362.36 + GIS $6619.56 = is now over $18, 600 which makes me not eligible for GIS the following year. Which means I would be eligible every other year. Is this correct?

@pamelad6774 2 жыл бұрын

Hi. Bitcoin sky rocket above $50k and would hit $100k by Dec. Start buying cryptocurrencies is good they're a huge help down the road for financial progress.

@privateerburrows 2 жыл бұрын

At 0:16 it says in order to qualify you must be receiving OAS; I have no idea what OAS is. EDIT: Is this something that applies to Ontario only? If so, it should say so prominently, preferably in the name of the video; and definitely in the description. EDIT2: Never mind; Old Age Security; and I would need to be 65 to qualify; I'm only 63... So I'm F.

@MsLinda165 3 ай бұрын

Ever heard of Google? OAS is there.

@privateerburrows 3 ай бұрын

@@MsLinda165 Well, that was 2 years ago, friend; now I'm 65.5 and just started receiving it. But yeah, that was a bit rushed to post on my part; but I at that point I had never heard of it and assumed it to be some arcane thing. ;-)

@khalilelbawab3995 11 ай бұрын

i am 78 years old i am not working and i did not have income how i can get help to continou my life even i suffer for serious diseases please informed me

@user-mu9dr7ud2r 4 жыл бұрын

Great info How and where to apply for the allowance

@TheIndependentDollar 4 жыл бұрын

Hi M. ramadan, you will apply for it when you file your taxes. If you get approved, you will need to ensure you continue to file your taxes so you can continue to receive the benefit.

@user-mu9dr7ud2r 4 жыл бұрын

@@TheIndependentDollar Thank you

@tomtom3400 5 ай бұрын

Combine income including cpp ?

@wendysteele9045 2 жыл бұрын

If you work your ass off all of your life & you are still middle income, you don’t get any breaks in life in Canada. What a great life lesson for kids to, not try hard making a living. 🤬

@marcparsons4850 2 жыл бұрын

Since I am on ODSP, is that included in my yearly amount for GIS? I am 64 so how do I get allowance

@zahirmurji 2 жыл бұрын

Start applying for your old age security. At the age 65 ODSP will stop.

@pullumpurna 2 жыл бұрын

U should mention the 65+ at the beginning of the video.

@allanfries76 3 жыл бұрын

So from what I gather then, a single person could apply for the allowance as well, if income is less than $18,600.00 a yr.

@TheIndependentDollar 3 жыл бұрын

Hi allanfries76, you're right - if you're single you would be able to apply if your income was below $18,600 assuming you meet the other conditions as well.

@allanfries76 3 жыл бұрын

@@TheIndependentDollar I called gov't Canada last week and they told me single people between 60-64 don't qualify unless they have a living or deceased spouse 65 or older receiving both OAS/GIS. And of course fall under the income level. So low income single seniors are SOL.

@TheIndependentDollar 3 жыл бұрын

Under 65, the benefit available is the "Allowance" but unfortunately it is not available to single individuals unless you meet the criteria they gave you. You might be eligible for the GST credit, it is income tested but that might be something worth looking into. Not sure if you've seen this before but the government has a really easy tool you can use that asks you some basic question then narrows down what options are available to you. You can use it without logging in or inputting contact information. Here is the link to it, it's off of the Government's website: srv138.services.gc.ca/daf/s/bf61d0eb-493a-4548-9ec5-6de53a74fed9?GoCTemplateCulture=en-CA Or you can search for it, it's called Government of Canada Benefits Finder.

@markwren8260 3 жыл бұрын

@@allanfries76 discrimination like ive never seen before, and your right cause i made sure to ask her again, so your telling me that Ive never married and i dont qualify and she said right!

@markwren8260 3 жыл бұрын

@@TheIndependentDollar get your story corrected then!!!!!!!!!!!!!!!!!!!!!!!!

@rhondamclean5479 Жыл бұрын

I am 58 and I am on a fixed income I receive 398$ a month this is what I am trying to live on where can I get more help

@leonardkennette5523 3 жыл бұрын

I am 63 and as of this year my total income will be 15,687.00 per year from CPP disability. Do I qualify for GIS at this age my private disability was cut off at 63 because I had worked in Canada but the company was American owned and they no longer pay at 63

@Teligram_him_Anthonyjnigh 3 жыл бұрын

Hello Mrs kate from Wisconsin ! Didn’t you receive your $10k relief grant?? Heard it’s trending all over town now !! I just recently got mine as well last week😊! Try applying ..

@mohammedasif1363 3 жыл бұрын

Am 64 and received a letter from service Canada that if I claim at 65 I would be receiving CPP $ 428.77 per month. After contributing 26 years how come I will be receiving so little. It has made me really worried. Can please advise. Thank you

@TheIndependentDollar 3 жыл бұрын

CPP is based on how much you contributed over those 26 years. Service Canada should be able to provide you with a schedule of your contributions and explain how they came up with that number for you. Most Canadians receive close to half of the maximum entitlement.

@user-mu9dr7ud2r 4 жыл бұрын

Do you have a link to allowance website Thank you

@TheIndependentDollar 4 жыл бұрын

This is the link to the CRA page that will walk you through eligibility and how to apply: www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/guaranteed-income-supplement/allowance.html

@user-mu9dr7ud2r 4 жыл бұрын

@@TheIndependentDollar Thank you very much for your help

@johntam1789 4 жыл бұрын

if the husband is turning 65 next year & the wife is turning 62 next year, we assume that the husband's OAS will be sending automatically, the question is the wife do have apply in advance for allowance or is it automatically send by CRA?

@TheIndependentDollar 4 жыл бұрын

Hi John, the allowance needs to be applied for in writing - you are not automatically enrolled in it. Here is a link to the CRA website which has the forms you need to complete and also shows you where you need to mail them out to: www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/guaranteed-income-supplement/allowance/apply.html. You will want to apply right away as the process may take a few months. For OAS, you should receive a letter notifying you that you were automatically enrolled. If you didn't, then you need to apply.

@johntam1789 4 жыл бұрын

@@TheIndependentDollar thank you very much!

@suizuijiane3625 3 жыл бұрын

How long I have to live in Canada to get the GIS.

@TheIndependentDollar 3 жыл бұрын

Hi Suizui, If you're living in Canada then you must have been in Canada for at least 10 years and also be either a Canadian citizen or a legal resident. Hope that helps.

@suizuijiane3625 3 жыл бұрын

@@TheIndependentDollar it means 10x365days?

@mosslimbayter277 3 жыл бұрын

@@suizuijiane3625 10 years means from a date until a date 10 years later like May 2, 2000 to May 2, 2010. You must have been in living Canada as a citizen or have Permanent resident status for those 10 years.

@dovespaligrino8312 3 жыл бұрын

Sign me up!!!

@ParamjeetSingh-rk1fw 3 жыл бұрын

Pl.upload old,- age pension all videos (in Panjabi or hindi

@TheIndependentDollar 3 жыл бұрын

Hi Paramjeet Singh, we've included subtitles with our videos. If you click on the "CC" button on the bottom of the video, you can select the language you would prefer to watch the video captions in. Hope that helps, thanks for the feedback 👍

@jeffbarta6276 9 ай бұрын

Guaranteed Income Supplement - Allowance

@rupabanerjee4403 3 жыл бұрын

I am 63 years no income my wife never worked how can I apply let me know please

@TheIndependentDollar 3 жыл бұрын

Hi Rupa, in order to receive government credits you need to file your tax returns. A lot of them are based on income so they will verify this when you file. There are free tax clinics if you aren't able to file from home yourself.

@johntam1789 4 жыл бұрын

Is the maximum income include OAS & CPP?

@TheIndependentDollar 4 жыл бұрын

They will include CPP as part of the income.

@johntam1789 4 жыл бұрын

@@TheIndependentDollar thank you!

@mohammedasif1363 3 жыл бұрын

18000

@davehadders1464 2 жыл бұрын

Where do i apply for gis?

@TheIndependentDollar 2 жыл бұрын

Hi Dave, here is the link to the Government site that will walk you through to steps of applying: www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/guaranteed-income-supplement/apply.html

@aamiriqbal9518 3 жыл бұрын

I am now 55 and lived in Canada for 7 years and if I return Canada

@aamiriqbal9518 3 жыл бұрын

at age 60 and start working till 65 then in that case will I be eligible for retirement benefits?

@Teligram_him_Anthonyjnigh 3 жыл бұрын

@@aamiriqbal9518 why not. Where are you working currently

@bjtowns9554 Ай бұрын

You neglected to mention how non resident seniors get screwed witholding taxes and ineligibility for GIS.

@elizabethk3238 3 жыл бұрын

There are, however, people giving advise on how people with generous incomes can SCAM the system. Hope the authorizes find these greedy people.

@verabrunobossio2857 Жыл бұрын

Am a woman on cppd and odsp am a mother of three adult children no longer living with me..being told because iam divorced am not entitled to a allowance am 60 and my income is roughly 12oo per month.can you please shine some light on this please and help me understand heartfelt thank you ..

@rps1689 Жыл бұрын

Allowance is for a spouse that is over 60 that has a spouse older collecting GIS. When you turn 65, your CPPD will automatically be reduced, but you will get OAS, and GIS if you have a low income.

@verabrunobossio2857 Жыл бұрын

@@rps1689 hi thank you for explaining it simpler so I can try to understand..given that question is it not considered pereditjuste or discrimination against people who are single or divorced 60 or over not to receive in today's world?

@eileenfoster9030 2 жыл бұрын

I'm 60 how do I get allowance???

@krisskross8985 2 жыл бұрын

This video is misinformation. You have to be 65 before you can qualify for OAS then you may apply for GIS only if you are single, widow or divorced.

@eileenfoster9030 2 жыл бұрын

@@krisskross8985 thank you for your response

@ronettemacgillivray8573 3 жыл бұрын

Can I get allowance time I 60 and single

@TheIndependentDollar 3 жыл бұрын

Hi Ronette, I don't believe so - one of the conditions is that you are the spouse of someone receiving OAS or GIS. Here is a link to a helpful tool on CRA's website which allows you to input some information about yourself to see what benefits you would be eligible for: benefitsfinder.services.gc.ca/hm?GoCTemplateCulture=en-CA

@playbackamusicloversjourne8620 3 ай бұрын

You can't collect OAS until you're 65

@eileenfoster9030 2 жыл бұрын

I thought you had to be 65 but on here it says 60

@TheIndependentDollar 2 жыл бұрын

Hi Eileen, Allowance is for age 60-64, here is the link to the government site with the most up to date information and a walk-through on how to apply.. Guaranteed income supplement is age 65. Hope that helps. www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/guaranteed-income-supplement/allowance/eligibility.html#:~:text=You%20may%20be%20able%20to%20get%20the%20Allowance,since%20the%20age%20of%2018%20More%20items...%20

@devipadayachey2176 2 жыл бұрын

@user-mu9dr7ud2r 11 ай бұрын

You have to be in canada if you leave the country for more than 6 month you will lose it

@user-kg5ij5ic6b 4 ай бұрын

its not enough money to live on

@eileenfoster9030 2 жыл бұрын

I thought you had to be 65

@krisskross8985 2 жыл бұрын

right you do - misinformation that is twisted to gain viewers only.

@user-jq3vy2ud4t 15 күн бұрын

@munsterificlj3861 4 жыл бұрын

I know that its clearly stated that I have to be residing in Canada to qualify; but would there be any scenario where I currently live outside Canada an still qualify for this or other benefits aside from OAS?

@TheIndependentDollar 4 жыл бұрын

Hi Munsterific, there are benefits that are available even if you leave Canada, however conditions need to be met in order to qualify. I think you would benefit from speaking with a cross-border accountant who can give you a better idea not only based on Canada's conditions but also the country you live in or are moving to.

@mosslimbayter277 3 жыл бұрын

GIS is payable only if you reside in Canada. Under the OAS Act, residing in Canada means that you “make your home in Canada and normally live in Canada.” Having said that, GIS is payable for temporary absences from Canada, up to six months in duration.

@sergeymolotkov9193 3 жыл бұрын

@@mosslimbayter277 May i ask you couple of questions? I'm 63.5, i/m a quebec resident. Am i automatically with a QPP or CPP plan? Or do have to chose? What government agency should i turn to to have all my pension questions answered?

@mosslimbayter277 3 жыл бұрын

@@sergeymolotkov9193 If you worked in Quebec then you are with QPP. You need to talk to QPP.

@sergeymolotkov9193 3 жыл бұрын

@@mosslimbayter277 I questioned you because i failed(so far) to communicate with qpp rep. Its next to impossible. Its only by phone, its a lot of waiting, so far i never manage to get through to talk to smbdy. Thats why i decided to bother you.