In February 2025, Canadian seniors aged 65 and above will receive a $1,380 cash bonus to help with daily expenses and healthcare costs.
This one-time payment will be automatically credited to eligible seniors receiving Old Age Security (OAS) and the Guaranteed Income Supplement (GIS).
Understanding the eligibility criteria and payment process is essential to ensure you receive this benefit.
$1,380 Cash Bonus To Seniors
The $1,380 cash bonus for seniors is a financial relief measure aimed at helping elderly Canadians manage their expenses. With rising living costs, this additional payment can assist with necessities like food, housing, and medical care.
Here’s a quick overview of the payment details:
| Aspect | Details |
|---|---|
| Bonus Amount | $1,380 |
| Eligibility | Age: 65+ Residency: Canadian citizen or legal resident Income: Below $90,997 (for 2024) |
| Disbursement Date | February 26, 2025 |
| Payment Method | Direct deposit or cheque |
| Official Resource | Government of Canada – Old Age Security Payments |
Eligibility
To qualify for the $1,380 cash bonus, seniors must meet the following criteria:
- Age: Must be 65 years or older.
- Residency: Must be a Canadian citizen or legal resident.
- Income: Annual net income must be below $90,997 for 2024.
These requirements ensure that the payment reaches those who need financial support the most.
Disbursement
The cash bonus will be paid on February 26, 2025, through the usual payment method for OAS and GIS recipients. This means eligible seniors will receive their payment via:
- Direct deposit (if already set up for OAS/GIS)
- Cheque (for those receiving payments by mail)
No separate application is required if you already receive OAS and GIS benefits.
Additional
Besides the $1,380 cash bonus, seniors may qualify for other financial support programs, such as:
Old Age Security (OAS)
- A monthly pension for seniors aged 65 and over.
- Maximum payment (Jan–Mar 2025):
- $727.67 (ages 65–74)
- $800.44 (ages 75+)
Guaranteed Income Supplement (GIS)
- A benefit for low-income seniors receiving OAS.
- Maximum monthly payment: $1,086.88 (for single seniors).
- Eligibility depends on income level.
Allowance for the Survivor
- Available to widowed individuals aged 60–64 with low income.
- Maximum monthly payment: $1,647.34.
- Based on marital status and income level.
For more details, visit the Government of Canada’s website.
Steps
To receive the $1,380 cash bonus without issues, follow these steps:
- Check eligibility – Ensure you meet the age, residency, and income requirements.
- Verify OAS/GIS enrollment – If you do not currently receive OAS or GIS, apply through Service Canada.
- Update personal information – Keep your mailing address and banking details updated to avoid delays.
For assistance, visit Service Canada’s website.
