Canada’s most vulnerable single seniors will see an increase of up to $947 annually to the Guaranteed Income Supplement
Government News Release | June 30, 2016
Speaking to seniors at the Manoir Sully (Résidences des Bâtisseurs) in Quebec today, the Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, reaffirmed the Government of Canada’s commitment to strengthen income security for lower-income seniors by announcing that starting in July, Canada’s most vulnerable single seniors will receive an increase to their Guaranteed Income Supplement (GIS) top-up.
Public pensions are an important part of the retirement income of Canadians, particularly for lower-income single seniors who face a high risk of living in poverty. In Canada, the vast majority of low-income seniors are single and live alone; a significant portion of this group are also women. By increasing the GIS top-up by up to $947 annually, the Government of Canada will improve the financial security of about 900,000 vulnerable seniors.
That updated top-up amount of $947 corresponds to the promised 10% increase.