Canadian immigrant pension subsidy system

Canadian immigrant pension subsidy system

The income security subsidy is based on the total annual income of the applicant after receiving the pension, or the total annual income with the spouse. This subsidy is not stipulated. In other words, when your personal and family pension income can't meet the social minimum income standard, this "plan" can provide you with a supplement. Applicants must fill in the annual income as the basis for receiving subsidies in the next year.

Guaranteed income subsidy is an additional benefit provided by the Canadian federal government to low-income pensioners to help them live in Canada.

Application procedure:

Ensure that the income subsidy will not take effect automatically. You must apply to the Income Security Office of Human Resources and Social Development Canada. If you have received the pension, you can call its office and ask for the application form to be sent to you. For new pensioners, if they want to receive the guaranteed income subsidy at the same time, they can indicate it on the pension application form, and the office will send you the subsidy application form later.

The application form mainly includes your name, work card number, marital status, source of income and the number of yourself (if single) and your spouse or cohabiting partner in the previous year. If you are married or cohabiting, you must submit a marriage certificate or sign a cohabitation statement.

Guaranteed income subsidies need to be applied once a year:

Since the guaranteed income allowance is calculated based on the total annual income of you (if you are single) and your spouse or cohabiting partner, you need to reapply for this allowance every year. As long as you declare your personal income tax to the Canadian tax authorities before April 30 every year, the Income Security Office will adjust your subsidy according to the information you declare. However, if the income security office needs more information about your income, it will automatically send you an updated application form for guaranteed income subsidy. If you receive this form, you should declare personal income tax as soon as possible, fill it out and send it back to the income security office. The office will start to adjust your allowance according to your annual income in July. Therefore, every July, you will receive a notice telling you how much subsidy you can get every month from July to the end of June next year. But the calculation is based on the income of the year from 65438+ 10 to 65438+February.

If you don't send the application form back to the income security office, or if your income increased last year and exceeded the income limit of the subsidy, your subsidy will stop in July and you can only receive the basic pension.

Calculation method of guaranteed income subsidy:

The calculation method of subsidy is based on the following three aspects:

1. Your marital status;

2. Your income in the past year, if you are married or cohabiting, will be calculated according to the total income of you and your spouse or cohabiting partner in the past year;

3. The amount of basic pension you receive.

The guaranteed income subsidy will be included in the pension check and sent to you monthly or automatically transferred to your designated bank account. Pensions and subsidies are usually received within the last three days of each month.

If your subsidy application is delayed for some reason, the income security office will make up the past amount for you, but at most it will only be 12 months.

Under what circumstances will the grant be stopped?

1. If you fail to submit the tax return or send back the annual renewal allowance application form before April 30th every year;

2. Last year, your total income with your spouse or cohabiting partner exceeded the limit;

3. You have been away from Canada for more than six months;

4. You have passed away. However, if your spouse or cohabiting partner also receives guaranteed income or spouse allowance, he can continue to receive it according to his personal income after your death;

Further reading: the welfare of immigrating to Canada

1, grants and interest-free loans

Canada ranks first in the world in education, and many schools provide good education for students. Canadian students can apply for grants and interest-free loans from the government after entering universities, and eligible students can get tuition fee remission and interest-free loans.

2. Children's education savings plan

Registered children's education savings plan can help your children pay for their education after high school, including technical schools, junior colleges and undergraduate universities. If possible, the children's education savings plan may help you get a $7,200 government education fund or student aid.

3. Milk gold

From the birth of the child to the age of 18, the government provides the child with a fixed amount of milk money every month. 6,400 Canadian dollars per year for children under 6 years old and 5,400 Canadian dollars per year for children aged 6- 17 years old; The amount of "milk gold" is gradually decreasing according to family income, and families with annual income not exceeding 30,000 can receive it in full.

4, children's tax rebate benefits

The advantage of this kind of immigration to Canada is tax rebate. If you are a local resident of Canada, live with children under the age of 18, and assume the responsibility and obligation to take care of children, you can apply to the government for Canadian children's tax refund benefits.

5. Maternity and childcare allowance

When a woman is pregnant, gives birth to a child or adopts a child, she can apply for pregnancy and childcare allowance.

6. Canadian Prenatal Nutrition Program

At the stage of preparing for pregnancy, or when you are pregnant and are about to face the challenge of becoming a new mother, the Canadian prenatal nutrition program can provide you and your child with various nutrition counseling, food preparation training, breastfeeding courses and so on.

7. Tax rebate allowance for disabled children

If you have children under the age of 16 or 18 who are disabled in Canada, you can apply to the government for relevant tax relief.

8. Unemployment benefits

Canadian residents (Canadian permanent residents and citizens) who are unable to continue their normal work due to unemployment, illness, having children or adopting children can obtain temporary income through the Canadian Employment Insurance Scheme and receive relevant subsidies regularly for a certain period of time to alleviate the impact of unemployment. If you are unemployed, you can receive unemployment benefits equivalent to 56% of your original salary through the government's employment insurance plan.

9. Medical insurance

Low-income Canadian residents or citizens do not need to pay Canadian medical insurance. This insurance plan includes medical services, consultation fees, hospitalization fees, surgery fees and other expenses, but does not include medicines. If hospitalization or even surgery is required, regardless of the size of the operation, all expenses will be paid by the medical insurance plan. During hospitalization, patients do not have to pay for food, medicine and other expenses. Most prescription drugs for people over 65 and those receiving social assistance are free.