The Government of Canada offers various pension benefits for its citizens, including the Guaranteed Income Supplement (GIS).
Recently, the Canada Revenue Agency (CRA) announced new GIS payment dates for July and September 2024. These updates are based on adjustments made according to the Consumer Price Index (CPI) and Cost of Living Adjustments (COLA) in January, April, July, and October.
This method helps the government determine additional support for beneficiaries, particularly those with low incomes.
Existing GIS beneficiaries will receive their payments this month, following the $3400 GIS payment dates for July 2024.
$3400 GIS Payment Dates July 2024
The GIS payment for July will be issued to all eligible candidates. Although the specific amount of $3400 isn’t confirmed, the payments will be distributed accordingly.
New GIS applicants can apply online or offline, submitting their personal information and Social Insurance Number (SIN).
For existing Old Age Security (OAS) plan recipients, no additional application is required. These individuals will receive their payments automatically on a monthly basis according to the payment dates provided.
Here’s a table detailing the payment schedule for the remainder of 2024:
| Month | GIS Payment Date |
|---|---|
| July | 29 July |
| August | 28 August |
| September | 25 September |
| October | 29 October |
| November | 27 November |
| December | 20 December |
Income Limits
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To qualify for GIS, annual income is a crucial factor. Here are the income limits for 2024:
| Eligible Candidates | Income Limit ($) |
|---|---|
| Single Individual | 21,624 |
| Divorced/Widowed | 21,624 |
| Spouse/Common Partner (Receiving OAS) | 28,560 |
| Spouse/Common Partner (Not Receiving OAS) | 51,840 |
| Spouse/Common Partner (One receiving GIS) | 39,984 |
Program Details
Below is a summary of the GIS program details:
| Title | $3400 GIS Payment July 2024 |
|---|---|
| Name of the Program | Guaranteed Income Supplement |
| Government | Canada |
| Authority | CRA |
| Aim of Program | Financial aid for low-income individuals |
| Upcoming Payments | July 2024 |
| Estimated Payment Amount | $3400 |
| Eligible Candidates | Senior Citizens |
| Eligibility Criteria | Annual income, Age |
| Category | Finance |
| Official Website | www.canada.ca |
Eligibility
Eligibility criteria for GIS payments in 2024 include:
- Existing beneficiaries of the OAS.
- Senior citizens over the age of 65.
- Citizens and residents of Canada.
- If living abroad, must have spent at least six months in Canada each year.
- Must possess a birth certificate and SIN.
Payment Amounts
GIS payments are monitored and adjusted quarterly to ensure recipients receive an amount sufficient for their needs, influenced by the CPI and COLA. Here are the GIS payment amounts for 2024:
| Eligible Candidates | GIS Payment Amount ($) |
|---|---|
| Single Individual | 1,072.93 |
| Divorced/Widowed | 1,072.93 |
| Spouse/Common Partner (Receiving OAS) | 645.84 |
| Spouse/Common Partner (Not Receiving OAS) | 1,072.93 |
| Spouse/Common Partner (One receiving GIS) | 654.84 |
Understanding these details can help beneficiaries and new applicants navigate the GIS payment system more effectively. Always verify information with official sources to ensure accuracy.
FAQs
What is the GIS payment date for July 2024?
July 29, 2024.
Do existing OAS recipients need to apply for GIS?
No, they are automatically enrolled.
What is the income limit for a single individual?
$21,624 annually.
How often are GIS payment amounts adjusted?
Every three months.
Where can I find official GIS information?
On the official website: www.canada.ca.