November 5, 2021 — CBC News

Seniors brace for guaranteed income supplement cuts

"For seniors in Canada who are low income and not receiving any other forms of income, the government gives them about $950 a month (the Guaranteed Income Supplement - GIS). But for every dollar someone earns, that amount is reduced by 50 cents. In the pandemic, 90,000 seniors were working enough to quality for CERB so they would receive $2,000 a month," says Dr. Bonnie-Jeanne MacDonald, NIA Director of Financial Security Research. Dr. MacDonald further explains that due to this, these low income seniors are not able to collect their GIS.