In June 2025, many Canadians—particularly seniors—may notice a large direct deposit from the Canada Revenue Agency (CRA), sometimes totaling as much as \$2,600. Contrary to popular belief, this is not a new government bonus or emergency payment. Instead, it represents the combined total of several recurring federal and provincial benefit programs. These include CPP, OAS, GIS, and possibly child-related or provincial supplements.
Understanding how this total is calculated, who qualifies for it, and how to make sure you receive the full amount is key for anyone relying on government benefits.
What Makes Up the \$2,600 CRA Deposit?
The \$2,600 figure is not a single benefit but a combination of monthly income supports issued by both federal and provincial governments. A typical breakdown includes:
- Up to \$1,433 from the Canada Pension Plan (CPP)
- Up to \$800.44 from Old Age Security (OAS)
- Up to \$1,086.88 from the Guaranteed Income Supplement (GIS)
- Additional amounts from programs such as the Canada Child Benefit (CCB) or Ontario Trillium Benefit (OTB)
For low-income seniors over the age of 75, this combined total can reach between \$2,100 and \$2,600 per month.
Eligibility Criteria for Each Benefit
Each program contributing to this total has its own eligibility conditions:
- CPP: Available to individuals aged 60 and above who have made valid contributions through employment
- OAS: Requires applicants to be 65 or older and to have lived in Canada for at least 10 years after age 18
- GIS: Designed for low-income seniors receiving OAS, with income thresholds of:
- \$22,056 or less for singles
- \$29,136 or less for couples where both receive OAS
Eligibility is based on your 2024 income tax return, making timely and accurate filing essential.
June 2025 Payment Schedule
The CRA has confirmed the following benefit payment dates for June 2025:
- Canada Child Benefit (CCB): June 20, 2025
- Ontario Trillium Benefit (OTB): June 9, 2025
- CPP, OAS, and GIS: June 28, 2025
- GST/HST Credit: Scheduled for July 4, 2025, as it is issued quarterly
To avoid missed or delayed payments, ensure your CRA account and banking details are up to date before these dates.
How to Set Up or Update Direct Deposit
The fastest way to receive your CRA payments is via direct deposit. There are three ways to register:
- CRA My Account: Log in and select the “Direct Deposit” option under your profile
- Bank Portal: Most Canadian banks offer CRA direct deposit setup under their government services section
- Paper Form: Fill out and mail a CRA direct deposit form (note: this process may take 6–12 weeks)
As of March 24, 2025, the CRA no longer accepts direct deposit registrations by phone or through EFILE.
Why You Might Receive Less Than \$2,600
Not everyone will receive the full \$2,600. Several factors can reduce your payment, including:
- Income above the OAS or GIS limits
- Incomplete CPP contribution history
- Late or unfiled 2024 tax return
- Outdated personal or banking information
- Change of address or bank account not updated with the CRA
Even small administrative errors can cause delays or lower payment amounts, so keeping your details current is critical.
Tips to Maximize Your Government Benefits
To ensure you’re receiving the full amount you’re entitled to, consider the following best practices:
- File your tax return on time every year, even if you have no income
- Apply early for OAS if you are approaching age 65
- Submit a separate application for GIS, which is not automatically included
- Consider delaying CPP until age 70, which increases your monthly payout
- Explore provincial top-ups such as:
- Ontario’s GAINS program
- British Columbia’s Senior’s Supplement
These extras can boost your monthly income significantly and help cover essential living costs.
What This Deposit Means for Canadian Seniors
For many retired Canadians, particularly those living on fixed or modest incomes, this combined monthly deposit can be a lifeline. It helps cover:
- Housing costs
- Food and groceries
- Medical bills
- Utility payments
The arrival of a large deposit may seem like a windfall, but it is in fact the result of carefully coordinated government benefit programs meant to support Canadians throughout their later years.
Disclaimer:
This article is intended for informational purposes only. Government benefits, eligibility, and payment amounts are subject to change. For the most accurate and personalized guidance, please consult the official CRA website, Service Canada, or a certified financial advisor.
