Finance committee  That's correct, yes. To be more accurate, it's 863,000 in the first year.

Finance committee  The pension is $570 per month, and the guaranteed income supplement is based on income and marital status. If you have no income at all and are living alone—you're a single senior—it can be as high as $773 per month.

Finance committee  Oh, I'm sorry. The average increase is $775.

Finance committee  That is correct.

Finance committee  Yes. The maximum increase is $947. Single seniors with an income below $4,600 will get the maximum increase, and seniors with an income between $4,600 and roughly $8,400 will get a partial increase. Beyond $8,400, there won't be any increase.

Finance committee  Good afternoon, everyone. Division 9 of part 4 of the budget implementation act proposes to amend the Old Age Security Act in two ways. First, it increases the guaranteed income supplement top-up by $947 per year for the lowest-income single pensioners and for pensioners whose s

Human Resources committee  Let's say you bring your mother to Canada under a 20-year sponsorship agreement, and she is considered a low-income individual. She would not be entitled to a guaranteed income supplement until the 20 years are up, or after her sponsorship agreement ends, while she would currentl

Human Resources committee  That is a good question, and I thank you for it. We have come to the conclusion that the impact on low-income seniors would be negligible, since someone has taken on the financial responsibility for individuals who come to Canada under a sponsorship agreement. Moreover, as a res

Human Resources committee  A long illness would not be considered. Under a provision of the Old Age Security Regulations, the guaranteed income supplement can be paid to a sponsored individual in the case of a sponsorship agreement breakdown. That breakdown may be the result of the sponsor's death, convict

Human Resources committee  No, that's not in our regulations.

Human Resources committee  The first answer that comes to mind is that, if the situation was so serious that the sponsor had to declare bankruptcy, the Old Age Security Regulations would apply. That would be considered a sponsorship breakdown, and the individual would consequently become eligible for the g

Human Resources committee  Not since I have taken on this position. No changes have been considered during my time with the department.

Human Resources committee  Duly noted. Thank you for the comment.

Human Resources committee  Yes, absolutely. Thank you for giving me the opportunity to clarify. There is no change to the old age security pension, the basic pension, which is the universal benefit given to all seniors who meet the residence criteria.

Human Resources committee  Yes, that's correct. The current provision regarding sponsorship is just for the income-tested benefit, so only for the guaranteed income supplement and the allowances. Those restrictions do not apply to the pension.