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What is the Maximum Income to Qualify for GIS in 2023?

Guaranteed Income Supplement (GIS) payments are provided to eligible low-income seniors who receive the Old Age Security (OAS) pension.

This monthly benefit is tax-free and starts at age 65.

There are several qualification requirements for the GIS, including a maximum income threshold.

What Income is Used to Calculate GIS?

To qualify for the GIS, your net income for the previous year must fall below specific maximum thresholds set by the government each quarter.

If you are single, the maximum income to qualify for GIS in 2023 is $20,952.

This income varies based on your marital status as follows:

Marital SituationAnnual Family Income
Single, widowed, or divorced$20,952
Your spouse or common-law partner receives the full OAS pension$27,648
Your spouse or common-law partner receives the Allowance$38,736
Your spouse or common-law partner does not receive an OAS pension$50,208

You can receive GIS benefits while earning up to $5,000 in employment or self-employment income annually. Employment income exceeding this amount will reduce the GIS you receive.

This is also referred to as the GIS clawback, resulting in a 50-cent GIS reduction for every extra dollar earned between $5,000 and $15,000.

Is OAS Considered Income for GIS?

No, OAS is not included in your income when calculating GIS. When determining your eligibility, the following sources of income are considered:

  • Canada Pension Plan (CPP) or Quebec Pension Plan benefits
  • Workplace pensions
  • RRSP funds are withdrawn during the year.
  • Interest and investment income earned.
  • Capital gains and taxable Canadian dividends.
  • Net income from rental properties.
  • Employment insurance benefits
  • Workers’ compensation payments and alimony

These income sources are exempted:

  • OAS, GIS, Allowance, or Allowance for the Survivor payments.
  • Employment or self-employment income up to $5,000 annually
  • Deductions such as union dues, moving expenses, RRSP deductions, etc.
  • TFSA

How Much is GIS in 2023?

The maximum monthly Guaranteed Income Supplement for a single, widowed, or divorced pensioner in 2023 is $1,032.10.

For couples, the GIS table below shows how much to expect (maximum):

Marital SituationMaximum Monthly Benefit
Your spouse/common-law partner receives a full OAS pension$621.25
Your spouse/common-law partner receives the Allowance$621.25
Your spouse/common-law partner does not receive OAS benefits$1,032.10

GIS benefits are revised in January, April, July, and October to reflect increases in the cost of living.

You can estimate your OAS benefits using this calculator.

Related: Is GIS Taxable?

Other GIS Benefits and Income Thresholds

Your spouse or common-law partner may qualify for Allowance or Allowance for the Survivor benefits.

BenefitMaximum Monthly PaymentMaximum Income Threshold
Allowance$1,312.25$38,736
Allowance for the Survivor$1,564.30$28,224

Who is Eligible for GIS?

In addition to income levels, GIS recipients must also meet other requirements, including:

  • Must be 65 or older and live in Canada.
  • Must receive the OAS.

How to Apply for the GIS

You may receive a letter from Service Canada indicating you qualify for GIS, and payments will commence automatically.

If you are not enrolled automatically, you may need to apply online through your My Service Canada Account. You can also submit a paper application using Form ISP-3550 or ISP-3025.

GIS Payment Dates in 2023

  • January 27, 2023
  • February 24, 2023
  • March 29, 2023
  • April 26, 2023
  • May 29, 2023
  • June 28, 2023
  • July 27, 2023
  • August 29, 2023
  • September 27, 2023
  • October 27, 2023
  • November 28, 2023
  • December 20, 2023

Related: CPP and OAS Increases.

FAQs

How much can you earn and still get GIS?

If you are single, widowed, or divorced, you can get GIS with an income below $20,952. If you have a spouse, you may qualify for GIS with income between $27,648 and $50,208, depending on whether they receive an OAS benefit.

Is GIS based on income?

Yes, GIS benefits are based on your net income in the prior year.

Is CPP considered income for GIS?

The CPP is included in your income when assessing your eligibility for GIS.

What is the maximum GIS payment in 2023?

The maximum GIS payment in 2023 is $1,032.10.

Related: OAS Death Benefits Explained.

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Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch is passionate about helping others win with their finances and has been writing about money matters for over a decade. He has been featured or quoted in Forbes, The Globe and Mail, Business Insider, Winnipeg Free Press, Wealthsimple, CBC News, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, and many other personal finance publications. You can learn more about him on the About Page.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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