Is $3000 a month family income the cutoff limit to receive any old age benefits - GIS/Allowance etc?

luking wrote: ↑ Am I correct in my understanding that annual income of $36000 for a family is pretty much the limit at which both spouses become ineligible for most old age benefits such as GIS and Allowance etc.? (excluding OAS)

• If your spouse/common-law partner receives the full OAS pension $618.15 Less than $27,552
• If your spouse/common-law partner receives the Allowance $618.15 Less than $38,592
• If your spouse/common-law partner does not receive an OAS pension $1,026.96 Less than $49,920

gogoblender wrote: ↑ This the copy paste top part of the page


How much you could receive
Guaranteed Income Supplement amounts – January to March 2023

If you are a single, widowed or divorced pensioner
Your situation Maximum monthly payment amount Your annual income must be
If you are a single, widowed, or divorced pensioner $1,026.96 Less than $20,832

If you have a spouse or common-law partner

Your situation Maximum monthly payment amount Your annual income plus the annual income of your spouse/common-law partner must be

• If your spouse/common-law partner receives the full OAS pension $618.15 Less than $27,552
• If your spouse/common-law partner receives the Allowance $618.15 Less than $38,592
• If your spouse/common-law partner does not receive an OAS pension $1,026.96 Less than $49,920

luking wrote: ↑ Thanks for posting these numbers. However there is a bit more to the story.
The CPP income is considered income. So a couple receiving 1000 a month individually have already hit $24000 a year income.
How about dividend income, specially the grossing up part?

luking wrote: ↑ Thanks for posting these numbers. However there is a bit more to the story.
The CPP income is considered income. So a couple receiving 1000 a month individually have already hit $24000 a year income.
How about dividend income, specially the grossing up part?

icedtea365 wrote: ↑ If you receive the maximum CPP or close to maximum CPP, you probably receive maximum or close to maximum OAS was well. GIS is lumped into the OAS calculation. In this situation, your GIS will be a very small amount, if any. And GIS will be reduced by any other source of income - example dividends.

So to answer your original question, yeah pretty much.