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Guaranteed Income Supplement
A federal program that provides additional payments for recipients of Old Age Security with a low annual income (or, in the case of a couple, a low combined income of the applicant and spouse or common-law partner). Recipients must re-apply annually for the Guaranteed Income Supplement benefit by filing an income statement or by completing an income tax return. The Guaranteed Income Supplement is not subject to income tax.
The above terms and definitions are part of the Taxonomy of Human Services, used here by permission of INFO LINE of Los Angeles.
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