GIS Allowance 2024 For Age 60 to 64: Check Who Is Eligible & Payment Amount

The government of Canada has introduced a Guaranteed Income Supplement – Allowance which is provided by the government to all the tax payee who has the age below then 64 years and more than 60 years. The amount received by the assessee under the GIS Allowance is tax free. All the assessees who live in Canada as permanent citizens of Canada can take the benefit of this GIS allowance. The amount of allowance can vary as per the marital status of the assessee. In this article we will provide you with all the information about the GIS Allowance for people aged 60 to 64, their eligibility, Amount paid under GIS Allowance, How will i get the beneficiary amount of GIS Allowance and How to Apply for GIS Allowance.

GIS Allowance For People Aged 60 to 64

The Government of Canada takes an initiative for the senior citizens of Canada named with GIS Allowance. The government has launched this GIS allowances to reduce the tax burden on the senior citizens. All the citizens who want to take the benefits of this tax free allowance need to apply for the allowance 6 to 11 months before you complete your age of 60 years. The annual net income of the assessee and his spouse jointly should not be equal or more than $39,984 per year. The government and income tax department of canada will decide the beneficiary GIS Allowance Amount 2024 on the basis of marital status and net income earned by the assessee and his spouse in previous year. If you want to be the beneficiary of this GIS Allowance For People Aged 60 to 64 which is a tax free allowance you should check your GIS Allowance For People Aged 60 to 64 Eligibility before applying. The government will verify the details submitted by you and if they find out all the information correct they will release the allowance amount. 

Allowance Name GIS Allowance 
Launched by government of Canada 
Beneficiary can be people aged 60 to 64
Apply for the allowance6 to 11 months before you complete your age of 60 years
Amount of Allowance Tax free 
Income (combined)Below then $39,984 per year.
Allowance Amount Depends on marital status of individual 
Category Finance
Official Websitecanada.ca
GIS Allowance For People Aged 60 to 64

GIS Allowance For People Aged 60 to 64 Eligibility

  • All the individuals whose spouse or common law partner is taking the advantage of old age security pension (OAS) and also eligible and registered to get the benefit of GIS.
  • You are between the age of 60 years to 64 years 
  • You are a legal resident of permeate citizen of canada
  • After the compilation of the age 18 years you lived in canada for 10 years and more 
  • The income earned by you and your spouse or common law partner during the year should not be more than $39,984 to get the GIS Allowance For People Aged 60 to 64

There are some other condition are also given by the department of tax which are given below:

If you are an immigrant who are sponsored

If you live in Canada as an immigrant sponsored person and you did not live in candida for 10 years after your age of 18 years and you want to take the benefit of this GIS allowance then you can apply for the allowance. However you will not receive the payment of allowances as you sponsored unless your sponsor:

  • Become bankrupt 
  • Has been sentenced to imprisonment for 6 months or more 
  • Under the criminal code an convicted offense against you 
  • Dies 

If your spouse or common law partner is in jail

You can be the beneficiary of this GIS Allowance if your spouse or common law partner is in jail if you fulfill the GIS Allowance For People Aged 60 to 64 Eligibility which is needed. The amount of allowance will be paid on the basis of the annual income earned by you. If your spouse or common law partner is  in jail then she should have the receipt or applied for the old age security or guaranteed income supplement. And you must be eligible to get the payment of allowance under GIS. 

If you are in jail you will not be eligible to get the benefit of the GIS allowance until you are released from the Jail. 

GIS Allowance Amount 2024

The amount given by the government under the GIS Allowances will be dependent on the marital status of the individual and the income earned by the individual and their common law partner or spouse jointly during the previous year. The income earned by you and your spouse or common law partner during the year should not be more than $39,984 to get the benefit of this GIS allowance.

Your condition Maximum monthly payment amount Annual income 
Your spouse or common law partner is eligible and registered to get the OAS and GIS Up to $ 1354.69should not be more then  $39,984 

How Will I Get GIS Allowance Payment Amount

The payment of the GIS Allowance Amount 2024 of the assessee under the GIS allowances will be done by the government through the check or direct deposit to the bank account of the assessee under the canada bank. you have to sign up For DD. 

If GIS Allowance Amount Is Incorrect 

If anyone is not happy with the amount paid by the government under the GIS allowance they can write a letter within 90 days after you received the letter of allowance amount by the department. 

How to Apply For GIS Allowance

If you are going to complete your 60 years age you have to submit your application  form for GIS allowances if you want to take the benefit of this GIS allowance. You must submit the application 6 to 11 months before the completion of 60 years. 

  • First of all you have to go on the my service canada account (MSCA). 
  • Now if you are visiting for the first time on the portal you have to create a MSCA Account on the page. 
  • Once you have completed your registration you will receive a personal access code on your registered mobile number and email address. 
  • Use the registration details to open the application form for the GIS allowance and submit it. 
  • The government will verify the details prescribed by you and if they found you eligible to get the benefit they will send a letter on your email address regarding the information of the GIS Allowance Amount 2024.

FAQs On GIS Allowance For People Aged 60 to 64

What age is required to get the benefit of GIS Allowance?

To be eligible to get the benefit of GIS Allowance benefits should be between the age of 60 years to 64 years. 

When should I apply to be the beneficiary of this GIS allowance?

6 to 11 months before you complete your age of 60 years you should apply for a GIS allowance to be the beneficiary of this scheme.

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