As June 2025 rolls in, Canadian seniors are seeing headlines about a $2,400 CRA direct deposit payment. It’s caught plenty of attention—but what’s the truth? While there isn’t a single $2,400 lump-sum payment hitting bank accounts, several federal benefits through the Canada Revenue Agency (CRA) and Service Canada can collectively offer more than $2,400 per month to eligible seniors.
Let’s break it down so you know what you’re entitled to, how to apply, and when to expect payment.
No Lump Sum
The $2,400 figure isn’t a one-time bonus. Instead, it reflects the combined value of monthly benefits that some Canadian seniors may receive. This includes programs like:
- Old Age Security (OAS)
- Guaranteed Income Supplement (GIS)
- Canada Pension Plan (CPP)
- And soon, the Canada Disability Benefit (CDB)
Together, these programs can provide meaningful, steady support to seniors, especially those with low income or a long work history.
Table: Federal Benefits for Seniors (as of June 2025)
| Benefit | Monthly Amount | Eligibility | Next Payment Date | Application Required |
|---|---|---|---|---|
| Old Age Security (OAS) | Up to $800.44 | Canadians 65+ | June 28, 2025 | Yes |
| Guaranteed Income Supplement | Up to $1,086.88 | Low-income OAS recipients | June 28, 2025 | No (if on OAS) |
| Canada Pension Plan (CPP) | Up to $1,433.00 | Workers who contributed to CPP | June 28, 2025 | Yes |
| Canada Disability Benefit | Up to $200 | Low-income, DTC-eligible Canadians (18–64) | Starting July 2025 | Yes |
Benefits
This monthly benefit is for Canadians aged 65 or older. You don’t need to have worked, but you must have lived in Canada for at least 10 years after turning 18.
- Up to $727.67 for those 65–74
- Up to $800.44 for those 75+ (includes a top-up)
Guaranteed Income Supplement (GIS)
GIS is added to your OAS if you’re a low-income senior.
- Up to $1,086.88 per month for a single senior
- You must be receiving OAS and have an annual income under $21,456 (as of 2025)
- No separate application is needed if you apply for OAS and file your taxes
Canada Pension Plan (CPP)
CPP is based on your work contributions. The more you earn and contribute during your working life, the more you receive.
- Average CPP retirement pension in 2025: $899.67/month
- Maximum amount: $1,433/month
- You can start CPP at age 60 (with a reduced amount) or delay to 70 for increased payments
Canada Disability Benefit (CDB)
Starting in July 2025, this benefit offers up to $200/month for eligible low-income adults (18–64) who qualify for the Disability Tax Credit (DTC).
To qualify:
- You must have DTC approval
- Meet a yet-to-be-finalized income threshold
- File your taxes annually
- Apply once applications open (expected in summer 2025)
How to Access These Benefits
Even if your income is zero, you must file a tax return to qualify for GIS, GST/HST credits, and climate rebates. Not filing can mean missed payments.
Apply for OAS and CPP
Visit My Service Canada Account or your local Service Canada office. Remember:
- You can apply for CPP between age 60–70
- Apply for OAS six months before turning 65
Sign Up for Direct Deposit
Skip delays and get your money faster. Enroll through CRA My Account or through your bank.
Stay Informed on CDB
The Canada Disability Benefit is new. If you think you or someone you care for may qualify, now’s the time to learn about the Disability Tax Credit (DTC) and begin that process. The CRA website and tax professionals can help guide you.
There’s no special $2,400 CRA cheque arriving in June, but that doesn’t mean seniors are being left out. Between OAS, GIS, CPP, and soon the CDB, monthly support can exceed $2,400 for eligible individuals.
The key is knowing how these benefits work together, applying on time, and keeping your tax and direct deposit information up to date. If you’re new to the system or unsure where to start, Service Canada and CRA support teams are just a call or click away.
FAQs
Is there a $2,400 payment in June 2025?
No, but combined benefits can total $2,400 monthly for some seniors.
When is the next OAS and GIS payment?
The next payment is scheduled for June 28, 2025.
Who qualifies for the new CDB benefit?
Low-income adults 18–64 who are eligible for the DTC.
Do I need to apply for GIS separately?
No, if you apply for OAS and file taxes, GIS is automatic.
How do I get direct deposit for CRA payments?
Register via CRA My Account or through your financial institution.
