In June 2025, many Canadians—especially seniors—may notice a large deposit in their bank account from the Canada Revenue Agency (CRA). The amount, often mentioned as $2,600, is not a new government bonus but rather the combined value of various federal and provincial benefits. These include monthly programs like CPP, OAS, GIS, and sometimes child or provincial supports. If you’re wondering who gets this total, how it’s calculated, or how to claim it, this guide gives you all the essential answers.

Benefit Breakdown

The total amount of $2,600 comes from several ongoing monthly payments made by the government to eligible individuals. Seniors with a complete work and residency history can receive up to $1,433 from the Canada Pension Plan (CPP), $800.44 from Old Age Security (OAS), and up to $1,086.88 from the Guaranteed Income Supplement (GIS). Some families also add the Canada Child Benefit (CCB) and Ontario Trillium Benefit (OTB) to this total. For many recipients, especially those over 75, this adds up to between $2,100 and $2,600 per month.

Eligibility Conditions

To receive these combined payments, recipients must meet specific eligibility rules for each program. For CPP, you must be 60+ and have made valid contributions during your working years. For OAS, you must be 65 or older and have lived in Canada for at least 10 years after age 18. GIS is for low-income OAS recipients, and eligibility depends on income thresholds—$22,056 for singles and $29,136 for couples both on OAS. Your eligibility is based on your 2024 income tax return, so it’s essential to keep your tax filings up to date.

Payment Schedule

The CRA has set specific payment dates for June 2025. CPP, OAS, and GIS will all be paid on June 28, 2025. The Canada Child Benefit will be issued earlier on June 20, while the Ontario Trillium Benefit is scheduled for June 9. Note that GST/HST Credit payments won’t arrive until July 4, as they follow a quarterly cycle. To avoid delays, ensure your CRA profile and banking details are current before these dates.

Direct Deposit Setup

If you want to receive your payment fast, the best option is direct deposit. You can register through CRA My Account by logging in and selecting “Direct Deposit” under the Profile section. Alternatively, you can register through your bank’s website under government services. You can also fill out and mail a CRA direct deposit form, but it takes 6–12 weeks to process. As of March 24, 2025, the CRA will no longer accept direct deposit registrations by phone or through EFILE.

What Reduces the Amount

Not everyone will receive the full $2,600 deposit. Several factors can reduce the payment amount—like high income beyond OAS or GIS thresholds, incomplete CPP contributions, late tax filings, or outdated banking information. If you’ve recently moved or changed banks, be sure to update your information with the CRA. Even a minor mistake could result in payment delays or lower amounts.

Tips to Maximize Benefits

To ensure you receive the full amount you’re eligible for, take a few smart steps. First, file your taxes on time—many benefits depend on it. If you’re turning 65 soon, apply early for OAS and don’t forget that GIS requires a separate application. If possible, delay taking CPP until age 70 to get the highest monthly payout. Lastly, check if your province offers top-up benefits, like Ontario’s GAINS or BC’s Senior Supplement, which can boost your total monthly income.

Disclaimer: This article is for informational purposes only and does not provide financial, legal, or tax advice. Eligibility for government benefits depends on individual income, age, residency, and tax history. Please consult the CRA, Service Canada, or a licensed financial advisor for guidance tailored to your situation.