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It was created to provide general pension information only.
As of July 2020, Service Canada has increased the:
- full earnings exemption for GIS renewal from $3,500 to $5,000 and;
- partial exemption of 50% for earning between $5,001 to $10,000
The maximum earnings that can be deducted is $10,000. These earnings apply to both employment and self-employment income.
This means that any earnings you made under $5,000 will not affect your GIS monthly benefits calculation.
Please do keep in mind that GIS is an income-tested program, any income you made from the previous tax year will affect the upcoming GIS benefit year.
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