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georgyf
New Member

Will my pension be affected if my taxable income increased?

does increase of my taxable income affect my gis?
1 Reply
TurboTaxJennifer
Moderator

Will my pension be affected if my taxable income increased?

The Guaranteed Income Supplement is income-tested meaning if you have more than the maximum allowable net income you may be disqualified from receiving the benefit. The maximums vary depending on your marital status and if you or your spouse receive the full amount of OAS.

CRA has a handy chart that shows the limits for each situation. Here's the link: https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/payments.html

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