Versatile Accounting Calgary Registered Retirement Savings Plan Deduction

By | April 21, 2020

Guaranteed income supplement – The Guaranteed income supplement (GIS) provides a monthly non-taxable benefit to Old Age Security (OAS) pension recipients who have a low income and are living in Canada. If you live on a low-income and receive the GIS or allowance benefits under the OAS Program, you must file your return by April 30 to make sure your benefits are renewed.

Please read the originial post here: https://versatileaccounting.ca/seniors-put-money-back-in-your-pocket-this-tax-season/