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The basic income guarantee (BIG) is a government insured guarantee that no citizen's income will fall below some minimal level for any reason. All citizens would receive a BIG without means test or work requirement.
If you have above-average income and significant assets, you probably think the Guaranteed Income Supplement (GIS) is not meant for you. The GIS is an income-tested pension program that, together with Old Age Security (OAS), helps low-income seniors avoid poverty.IS payments are reduced by $1 for every $2 of income for single persons and by $1 for every $4 in the case of married couples.