The old-age subsidy system for Canadian immigrants

The income guarantee subsidy is based on the applicant's annual total income after receiving the pension, or the same annual total income as the spouse. This subsidy is not stipulated. In other words, when your personal and family pension income can't meet the social minimum income standard, this "plan" can provide you with a supplement. Applicants must fill in the annual income every year as the basis for receiving the subsidy next year.

Guaranteed Income Grant is an additional benefit given by the Canadian federal government to low-income people who are receiving old-age pension to help them live in Canada.

Application procedures:

The guaranteed income subsidy will not take effect automatically. You must apply to the Income Security Office of the Ministry of Human Resources and Social Development of Canada. If you have received a pension, you can call its office and ask for an application form to be sent to you. As for new applicants for pension, if they want to receive the guaranteed income subsidy at the same time, they can indicate it on the application form for pension, and the office will send you the application form for subsidy later.

the name, work card number, marital status of yourself and your spouse (if married) or cohabiting partner, and the source and amount of income of yourself (if single) and your spouse or cohabiting partner last year are mainly filled in the application form. If you are married or cohabiting, you must submit a marriage certificate or sign a declaration of cohabitation.

Guaranteed income subsidy needs to be applied every year:

Because the guaranteed income subsidy is calculated based on the total annual income of you (if you are single) and your spouse or cohabiting partner, you need to apply for this subsidy again every year. As long as you declare your personal income tax to the Canadian Tax Department before April 3th every year, the Income Security Office will adjust your subsidy according to the information you file. However, if the Income Security Office needs more information about your income, it will automatically send you an updated application form for guaranteed income subsidy. If you receive this form, you should declare personal income tax as soon as possible and fill it out and send it back to the Income Security Office. The office will start to adjust your subsidy in July according to your annual income. Therefore, in July every year, you will receive a notice telling you how much subsidy you will receive each month from July to the end of June next year. But the calculation is based on the income from January to December in the past year.

If you don't send the application form back to the Income Security Office, or if your income increased last year and exceeded the income limit of the subsidy, your subsidy will stop from July, and you can only receive the basic old-age pension.

Calculation method of guaranteed income subsidy:

The calculation method of subsidy is based on the following three aspects:

1. Your marital status;

2. Your income in the past year, if you are married or cohabiting, will be calculated according to the total income of you and your spouse or cohabiting partner in the past year;

3. the amount of basic pension you receive.

The guaranteed income subsidy will be included in the pension cheque every month and sent to you or automatically transferred to your designated bank account. Pensions and subsidies are usually received within the last three days of each month.

If your application for subsidy is delayed for some reason, the Income Security Office will make up the past amount for you, but only for 12 months at most.

Under what circumstances will the subsidy be stopped

1. If you fail to file tax returns before April 3th every year or fail to send back the application form for annual renewal of the subsidy;

2. Your total income with your spouse or cohabiting partner exceeded the limit last year;

3. You have been away from Canada for more than six months;

4. You have passed away. However, if your spouse or cohabiting partner also receives guaranteed income or spouse's allowance, he can continue to receive it according to his personal income after your death;

Benefits of immigrating to Canada

1. Scholarships and interest-free loans

Canada can be regarded as the world in education, and many schools provide good education for students. After entering the university, Canadian students can apply for grants and interest-free loans from the government, and eligible students can get tuition fee remission and interest-free loans.

2. Children's education savings plan

Registered children's education savings plan can help your children pay for education after high school, including education in technical schools, junior colleges and undergraduate universities. If possible, the children's education savings plan may help you get a government education fund or student aid of $7,2.

3. Milk gold

From the birth to the age of 18, the government provides children with a fixed amount of milk gold every month. Children under 6 years old are 6,4 Canadian dollars per year, and children aged 6-17 are 5,4 Canadian dollars per year; The amount of "milk gold" is gradually decreasing according to family income, and families with an annual income of no more than 3, can receive the full amount.

4. Child tax rebate benefits

This advantage of immigrating to Canada is a tax rebate benefit. If you are a local resident of Canada, live with children under the age of 18, and assume the responsibility and obligation to take care of children, you can apply to the government for Canadian children's tax refund benefits.

5. Pregnancy and child care allowance

When a woman is pregnant and gives birth to a child or adopts a child, she can apply for pregnancy and child care allowance.

6. Canadian Prenatal Nutrition Program

In the stage of preparing for pregnancy, or when you are pregnant and will face the challenge of being a new mother, the Canadian Prenatal Nutrition Program can provide you and your child with all kinds of nutrition consultation, food preparation training, breast-feeding courses and so on.

7. Tax Refund Allowance for Disabled Children

If you have children under the age of 16 or under the age of 18 who are eligible for disabled people in Canada, you can apply to the government for relevant tax relief.

8. Unemployment benefit (EI)

Canadian residents (permanent residents and citizens of Canada) who can't continue to work normally because of unemployment, illness, giving birth to children or adopting children can get temporary income through the Canadian employment insurance plan and receive relevant subsidies regularly for a certain period of time to alleviate the impact of unemployment. If you are unemployed, you can receive unemployment benefits of 56% of your original salary through the government's employment insurance plan.

9. Medical insurance (MSP)

Low-income Canadian residents or citizens do not need to pay Canadian medical insurance. This insurance plan includes medical services, consultation fees, hospitalization, surgery and other expenses, but does not include medicine. If you need hospitalization or even surgery, regardless of the size of the surgery, all expenses will be paid by the medical insurance plan. During the hospitalization, the patient does not have to pay for food, medicine, etc. Most of the prescription drugs for the elderly over 65 and those receiving social assistance are free.