OAS, GIS benefit rates announced

Human Resources and Skills Development Canada has announced the quarterly benefit rates for Old Age Security (OAS) will rise by 0.5% to $526.85, effective April to June 2011. Since July 2010, OAS benefits will have increased by 1.9%. Payments under the Guaranteed Income Supplement (GIS) and the Allowances will also increase by 0.5%. MAXIMUM OLD […]

By Staff | March 4, 2011 | Last updated on March 4, 2011

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Payments under the Guaranteed Income Supplement (GIS) and the Allowances will also increase by 0.5%.

MAXIMUM OLD AGE SECURITY BENEFIT RATES AS OF APRIL 1, 2011

Type of Old Age Security benefit		Maximum monthly benefit rates April to June 2011	Previous quarter January to March 2011
Basic Old Age Security pension		$526.85	$524.23
Guaranteed Income Supplement
Single		$665	$661.69
Spouse/Common-law partner of
	a non-pensioner	$665	$661.69
	a pensioner	$439.13	$436.95
	an Allowance recipient	$439.13	$436.95
The Allowances
	regular	$965.98	$961.18
	survivor	$1,070.78	$1,065.45

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.

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