Rising inflation and cost-of-living pressures have made it harder for many seniors across Canada to make ends meet—especially those living on fixed incomes. In response, the federal government is taking bold action in 2025 by increasing the Guaranteed Income Supplement (GIS) by $500 per month, or $2,100 annually. This non-taxable benefit aims to offer financial relief to low-income seniors, helping them manage everyday expenses like groceries, rent, utilities, and Continue reading
GIS
Government Confirms $1,395 GIS Boost For Seniors- Full July 2025 Payment Schedule & Eligibility
To help low-income seniors keep up with the rising cost of living, the Canadian government has officially confirmed a $1,395 annual increase to the Guaranteed Income Supplement (GIS) starting July 2025. This move aims to provide greater financial relief for elderly citizens relying heavily on Old Age Security (OAS) and facing income challenges due to inflation and economic uncertainty. Let’s break down what this Guaranteed Continue reading
Canada Approves $1,395 GIS Benefit For Seniors This July – Find Out If You Qualify
The Canada Revenue Agency (CRA) has officially confirmed the $1,395 GIS payment for eligible low-income seniors, scheduled for July 29, 2025. This non-taxable monthly benefit helps supplement income for older Canadians receiving the Old Age Security (OAS) pension. With inflation driving up everyday costs, this payment ensures that vulnerable seniors can continue to afford essential Continue reading