DCHP-2

Guaranteed Income Supplement GIS, guaranteed income supplement DCHP-2 (October 2016)

• n. — Administration

  a monthly benefit for low-income Old Age Security recipients who live in Canada.

  Type: 1. Origin — The Canadian government introduced the GIS in the late 1960s to reduce poverty among seniors (see, e.g. the 1967 and 2002 quotations). It guarantees a minimum benchmark for the income of seniors and is paid in addition to any Old Age Security. The term is almost exclusively used in Canada (see Chart 1).
  See COD-2, which labels the term "Cdn".

  See also: Canada Pension Plan  Old Age Security  GIS  

  • Often abbreviated to GIS.