Exciting updates are coming to Canada’s Guaranteed Income Supplement (GIS) in 2025, bringing increased financial support to low-income seniors. Designed to help older Canadians cope with rising costs, the changes include a boost in monthly payments and updated payment schedules. Here’s everything seniors need to know.
How Much Will GIS Payments Be in 2025?
Starting in January 2025, GIS payments will increase by 2.6% to keep up with inflation. Single seniors or widows could receive up to $1,086.88 per month, depending on their income. For married or common-law partners, the amount varies based on their combined income. These adjustments are meant to help seniors cover essential expenses like housing, food, and healthcare.
Who Qualifies for GIS?
To be eligible for the GIS, you must:
- Be 65 years or older.
- Reside in Canada and already receive the Old Age Security (OAS) pension.
- Meet income requirements, which vary based on marital status and whether your spouse or partner receives OAS or GIS.
The government calculates your eligibility based on the previous year’s income, so filing your annual tax return is crucial to receiving benefits.
When Will Payments Be Made?
The government has announced the GIS payment schedule for 2025. Payments will typically arrive on the same dates as Old Age Security (OAS) and Canada Pension Plan (CPP) benefits.
2025 GIS Payment Dates
- January 29
- February 26
- March 27
- April 28
- May 28
- June 26
- July 29
- August 27
- September 25
- October 29
- November 26
- December 22
If a payment date falls on a weekend or holiday, payments are usually issued the business day before.
How to Prepare for GIS Changes
To ensure you continue receiving your GIS payments without interruptions:
- File your 2024 income tax return early, as eligibility is based on your most recent income information.
- Set up direct deposit through Service Canada to receive your payments quickly and securely.
- Keep your address and banking details updated with Service Canada to avoid payment delays.
