Canada Revenue Agency gives retirees reason to file taxes on time with automatic benefit registrations GlobeInvestor
Doug Ives/The Canadian Press
Employment and Social Development Canada estimates 10 per cent of eligible seniors didn’t receive their GIS payments in 2016-17, the most recent information available. For the poorest seniors with virtually no income besides the OAS, the guaranteed income supplement could be worth up to a maximum of $898 a month for single people and up to $540 per person for couples.
There’s an important catch, however. Just because a senior receives GIS in a taxation year – shortly after they begin receiving OAS for the first time, for example – doesn’t mean they don’t have to file annually with the CRA. Mulholland adds there are many reasons people could need assistance with filing their taxes and suggests they or their family or friends check for local organizations that operate volunteer-staffed tax clinics.
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