On Thursday, 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.
Increasing the GIS top-up is only one of the many enhancements announced by the Government of Canada that will help improve quality of life for seniors. Additional measures include:
- restoring the age of eligibility for the Old Age Security pension and the GIS from 67 to 65;
- providing higher benefits to senior couples receiving GIS and Allowance benefits and who are living apart for reasons beyond their control;
- enhancing the Canada Pension Plan based on consultations with provinces, territories and Canadians;
- looking at how a new Seniors Price Index that reflects the cost of living faced by seniors could be developed; and
- providing for the construction, repair and adaption of affordable housing to help seniors who face challenges in accessing affordable housing.
“Our government is working hard to grow the bottom line for Canadians who need our support. Everyone deserves to live with dignity and respect—especially our seniors.The increase to the GIS top-up benefit reaffirms our commitment to lifting Canadians out of poverty, strengthening public pensions and improving the quality of life for seniors.” – The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development