Old Age Security program

The Old Age Security pension is a monthly benefit paid to Canadians. To receive it, you must:

The Old Age Security pension is indexed on the basis of the cost of living four times a year (January, April, July and October). It is taxable income.

Guaranteed Income Supplement (GIS)

The GIS is added to the Old Age Security pension. It is not taxable income.

To receive the GIS, your income and the income of your spouse (married or de facto, whether same sex or opposite sex) must not exceed a set amount.

For more information on these benefits, see the federal Old Age Security program Web site This link will open in a new window..

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