GIS and the Income Test How Not to Lose It

Описание: Guaranteed Income Supplement (GIS) is one of the most valuable benefits for lower-income Canadian retirees — but it's also fully income-tested, and most people don't understand how the reduction actually works until it costs them money.

In this video: 0:00 The 50-cent number that trips people up 0:45 Quick GIS recap — amounts and who it's for 1:45 What counts as income (and what doesn't) 3:45 Quiz #1 3:45 The reduction rate, explained in plain numbers 5:45 The actual income cutoffs (updated quarterly) 7:15 Quiz #2 7:15 How people accidentally lose GIS 9:00 What to actually do about it 10:15 Quiz #3

Current figures verified against canada.ca at time of filming — GIS amounts and thresholds adjust every January, April, July, and October, so always confirm current numbers directly on canada.ca or with Service Canada before making decisions.

This channel breaks down Canadian retirement — CPP, OAS, GIS, RRSPs, RRIFs, and TFSAs — in plain English, no jargon, no sales pitch. Just the numbers and how they actually work.

⚠️ This is educational content, not personalized financial advice. Talk to a financial advisor or call Service Canada directly for guidance specific to your situation.



#GIS #GuaranteedIncomeSupplement #CanadianRetirement #OAS #RetirementPlanning