The Canadian government provides the Guaranteed Income Supplement (GIS) to low-income seniors, offering financial relief to those receiving Old Age Security (OAS). In December 2024, eligible seniors may receive a GIS payment of up to $1,364. This article explores the eligibility criteria, payment schedule, and steps to ensure you claim your benefits correctly.

What is the GIS Benefit?

The GIS is a monthly non-taxable benefit for low-income seniors who qualify for Old Age Security (OAS). The benefit amount varies based on factors such as income, marital status, and whether you receive other income support programs.

In December 2024, the GIS payment can reach up to $1,364 for eligible seniors. This maximum amount applies primarily to single individuals with little or no additional income.

Eligibility Criteria for $1,364 GIS Payment

To qualify for the GIS benefit in December 2024, you must meet the following criteria:

1. Age Requirement:
   • You must be 65 years or older.
2. Residency and Citizenship:
   • You must be a Canadian citizen or legal resident.
3. Receiving OAS Pension:
   • GIS is available only to those who qualify for and receive the Old Age Security pension.
4. Income Limits:
   • Your income must be below the annual threshold. For 2024:
     • Single, widowed, or divorced individuals: Less than $21,456 annually.
     • Married/common-law couples (both receiving OAS): Combined income less than $28,176.
     • Married/common-law couples (only one receiving OAS): Combined income less than $48,432.
5. Residency Status in Canada:
   • If living outside Canada, you must have resided in the country for at least 10 years after turning 18.

December 2024 Payment Dates

GIS payments are typically issued on the same schedule as Old Age Security benefits. For December 2024, payments are expected to be released on the following date:

How to Apply for GIS Benefits?

If you are not automatically enrolled, follow these steps to apply for GIS benefits:

1. Gather Necessary Documents:
   • Ensure you have proof of income, residency, and other supporting documents.
2. Complete the Application Form:
   • Use the Application for the Guaranteed Income Supplement (ISP-3025) available on the Service Canada website.
3. Submit the Application:
   • Send the completed form and supporting documents to Service Canada by mail or submit them at your local Service Canada office.
4. Renew Annually:
   • GIS eligibility is reviewed annually. File your taxes on time to ensure uninterrupted payments.

Factors That Impact Your GIS Amount

The exact amount of GIS you receive depends on the following:

1. Income Level: Higher additional income reduces the GIS benefit.
2. Marital Status: Single seniors may receive more than those in a couple.
3. Other Benefits: Receiving additional pensions or benefits may impact the GIS amount.

FAQs About the December 2024 GIS Payment

1. Who qualifies for the maximum $1,364 GIS payment?
Seniors with no additional income besides OAS and who are single, widowed, or divorced qualify for the maximum benefit.

2. How do I check my GIS eligibility?
You can check your eligibility by reviewing your income details or contacting Service Canada for assistance.

3. Can I receive GIS if I live outside Canada?
Yes, provided you’ve lived in Canada for at least 10 years after turning 18 and meet the income criteria.

4. Is GIS taxable?
No, the GIS is a non-taxable benefit.

5. What happens if my income changes during the year?
You must notify Service Canada if your income changes, as it may affect your GIS eligibility or payment amount.

Conclusion

The $1,364 GIS payment in December 2024 offers significant financial support to low-income seniors across Canada. Understanding the eligibility criteria, payment dates, and application process ensures that you maximize your benefits. Filing your taxes on time and keeping Service Canada updated with your income changes will help maintain uninterrupted payments.