How Do I Optimize GIS Payouts?

How Do I Optimize GIS Payouts?

First off, what is a GIS payout? This is a guaranteed income supplement to the OAS payout which occurs when you begin to receive OAS payments between the ages of 65 to 70. You are eligible for GIS if your income is below $18,624 for a single person in 2020. There are different income thresholds for couples and whether or not one or more spouses is receiving the OAS pension.

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