The Canadian Guaranteed Income Supplement (GIS) can provide over $12,000 per year of tax-free retirement income in addition to other government retirement benefits like Old Age Security (OAS) and Canada Pension Plan income (CPP). Yet many Canadians don’t realize they’re eligible.

In this video, Steadyhand's David Toyne talks to Owen Winkelmolen about the eligibility requirements, clawbacks and tax considerations involved in planning for GIS. Owen is a Certified Financial Planner and founder of PlanEasy.