As June 2025 arrives, Canadian seniors are hearing about a $2,400 CRA direct deposit payment that could be arriving in their accounts. However, this isn’t a single lump-sum bonus.
Instead, it represents a combination of various monthly benefits offered by the Canada Revenue Agency (CRA) and Service Canada to eligible seniors.
If you’re wondering how to claim these benefits, what the eligibility requirements are, and when to expect payments, this guide breaks it all down for you.
Understanding the $2,400 Payment: No Lump Sum
Many seniors have become excited upon hearing about the $2,400 payment, but it’s important to clarify that it’s not a one-time payment. Rather, it’s the total sum of various monthly benefits that Canadian seniors may receive. These benefits include:
- Old Age Security (OAS)
- Guaranteed Income Supplement (GIS)
- Canada Pension Plan (CPP)
- Canada Disability Benefit (CDB) (starting July 2025)
While there isn’t a $2,400 one-time deposit, combining all of these benefits can lead to significant monthly support for seniors, particularly those with low income or a long work history.
Federal Benefits Breakdown for Canadian Seniors (June 2025)
Below is a detailed table breaking down the benefits available to seniors and their eligibility.
| Benefit | Monthly Amount | Eligibility | Next Payment Date | Application Required |
|---|---|---|---|---|
| Old Age Security (OAS) | Up to $800.44 | Canadians aged 65+ | June 28, 2025 | Yes |
| Guaranteed Income Supplement (GIS) | Up to $1,086.88 | Low-income OAS recipients | June 28, 2025 | No (if receiving OAS) |
| Canada Pension Plan (CPP) | Up to $1,433.00 | Workers who contributed to CPP | June 28, 2025 | Yes |
| Canada Disability Benefit (CDB) | Up to $200 | Low-income, DTC-eligible Canadians (18–64) | Starting July 2025 | Yes |
Details of Each Benefit
Old Age Security (OAS)
OAS is a monthly benefit paid to Canadian seniors aged 65 and older. This benefit helps provide financial support for individuals who have lived in Canada for at least 10 years after turning 18.
- Amount: Seniors aged 65–74 can receive up to $727.67, while those 75 and older can receive up to $800.44 (with a top-up).
- Eligibility: You don’t need to have worked, but you must have resided in Canada for a minimum of 10 years after turning 18.
- Payment Date: June 28, 2025
- Application: Apply six months before turning 65.
Guaranteed Income Supplement (GIS)
The GIS is designed to supplement the OAS for low-income seniors. If you’re already receiving OAS, you might be eligible for this additional benefit.
- Amount: Up to $1,086.88 per month.
- Eligibility: To qualify, you must be receiving OAS and have an annual income below $21,456 (as of 2025).
- Payment Date: June 28, 2025
- Application: No separate application is required if you’re already receiving OAS and have filed your taxes.
Canada Pension Plan (CPP)
CPP provides monthly payments to those who have contributed to the plan during their working years. The amount you receive depends on your contributions.
- Amount: The maximum payment is $1,433 per month.
- Eligibility: You must have contributed to the CPP during your working years.
- Payment Date: June 28, 2025
- Application: Apply anytime between the ages of 60 and 70.
Canada Disability Benefit (CDB)
The CDB is a new initiative, which will start in July 2025, providing financial assistance for low-income Canadians aged 18-64 who qualify for the Disability Tax Credit (DTC).
- Amount: Up to $200 per month.
- Eligibility: You must have DTC approval and meet an income threshold (to be finalized).
- Application: Expected to open in Summer 2025.
How to Access These Benefits
To qualify for the benefits mentioned above, it is important to:
- File your taxes annually, even if your income is zero. This step is essential for qualifying for GIS, GST/HST credits, and climate rebates.
- Apply for OAS and CPP through My Service Canada Account or by visiting your local Service Canada office. Remember, you must apply for OAS six months before turning 65.
- Sign up for direct deposit to receive your payments faster. You can enroll through CRA My Account or via your bank.
Stay Informed on CDB
The Canada Disability Benefit (CDB) is a new program launching in July 2025. If you think you or someone you know might qualify, now is the time to learn about the Disability Tax Credit (DTC).
While the $2,400 is not a one-time deposit, it represents the total monthly support Canadian seniors may receive through several federal programs.
It’s essential to apply on time, file taxes, and set up direct deposit to ensure you don’t miss out on these vital payments.
FAQs
Who is eligible for the $2,400 CRA payment?
The $2,400 figure combines several monthly benefits, including OAS, GIS, and CPP. Seniors who qualify for these programs can potentially receive more than $2,400 combined.
How do I apply for these benefits?
You can apply for OAS and CPP through My Service Canada Account. Ensure you file your taxes annually to qualify for GIS and other credits.
When will the payment be made?
Payments for OAS, GIS, and CPP will be deposited by June 28, 2025. The Canada Disability Benefit will begin in July 2025.