Economy | Families

Increase the Guaranteed Income Supplement for single low-income seniors by 10%.

In progress

Source: Liberal Platform | Page 10

October 5, 2015

Tuesday March 22, 2016 | 2016 Federal Budget

2016 Federal Budget

Chapter 5 > Increasing the Guaranteed Income Supplement for Single Seniors

Budget 2016 proposes to increase the Guaranteed Income Supplement top-up benefit by up to $947 annually for the most vulnerable single seniors starting in July 2016, which will support those seniors who rely almost exclusively on Old Age Security and Guaranteed Income Supplement benefits and may therefore be at risk of experiencing financial difficulties.

This enhancement more than doubles the current maximum Guaranteed Income Supplement top-up benefit and represents a 10-per-cent increase in the total maximum Guaranteed Income Supplement benefits available to the lowest-income single seniors.