The Guaranteed Income Supplement (GIS) is an important part of the income security system available to low income seniors. However those with RRSPs lose 50 cents from every dollar they withdraw, an amount which they can’t afford to lose. Since most information on retirement planning is geared to those with modest to higher incomes,  there is little information on how to maximize retirement savings for those who are on course to receive the GIS. Social Policy consultant and Daily Bread board member John Stapleton has now compiled important information for those receiving low income and are approaching or are over 65. This is a  must read!