Income Supplement: Security Payments and Census Data

income supplement: Old age security and the accompanying guaranteed income supplement, which is given to low-income seniors, make up the federal government's most expensive benefit program, according to CTV. To be eligible, a person has to have lived in Canada for at least 10 years as an adult. Seniors who immigrated to Canada in the last two decades and received old-age security payments had low-income rates that were seven percentage points lower than those who didn't qualify for the monthly financial help. The study released Tuesday used census data to show that the old-age security program is more effective at reducing poverty among seniors the more time they spend in Canada. I don't think it's necessarily a surprise to see that it does have an impact on the low-income of senior immigrants once they have access to it, said Sebastien LaRochelle-Cote, editor of the agency's Insights on Canadian Society series that includes Tuesday's study. Overall, the national statistics office says a quarter of the approximately 200,000 senior immigrants who arrived in the two decades before the 2016 census are considered low-income by one standard measure. (www.immigrantscanada.com). As reported in the news.