Canadian Investment & Retirement Roadmap

Question 01/08

A senior receiving GIS decides to take a part-time job earning $5,000 per year. How will this employment income affect their GIS payments?

It will reduce their GIS by $2,500 (50% clawback). It will have no impact due to the GIS Earnings Exemption. It will increase their GIS by $1,000$ as a reward for working.