Finance

Canada CRA $2,350 Relief Payment In February 2025 – Only these Canadian Seniors will get it, Check Date

The CRA $2,350 relief payment in February 2025 will support low-income Canadian seniors struggling with inflation. Eligible recipients include those aged 65+, receiving OAS or GIS. Payments will be automatic and tax-free, with no application required for most. Ensure your banking details are updated to receive funds on time. Read this guide to check eligibility, application details, and other financial assistance options for seniors.

By Vophie Wilson
Published on
Relief Payment In February 2025
Relief Payment In February 2025

Relief Payment In February 2025: The Canada Revenue Agency (CRA) has announced a $2,350 relief payment for seniors in February 2025. This one-time financial assistance aims to support eligible Canadians in managing the rising costs of living. If you’re wondering whether you qualify, how to apply, and when to expect the payment, this comprehensive guide has all the answers.

Relief Payment In February 2025

BenefitAmountEligibility CriteriaPayment Date
CRA Relief Payment$2,350 (one-time)Low-income seniors aged 65+February 26, 2025
Old Age Security (OAS)Up to $800.44/monthCanadian citizen/legal resident, aged 65+Monthly payments
Guaranteed Income Supplement (GIS)Up to $1,086.88/monthLow-income seniors receiving OASMonthly payments
Allowance for the SurvivorUp to $1,647.34/monthAged 60-64, widowed, low incomeMonthly payments

The CRA $2,350 relief payment in February 2025 is a significant financial aid for low-income Canadian seniors. It aims to ease financial burdens caused by inflation, ensuring seniors can afford essential expenses. If you are already receiving OAS or GIS, you don’t need to apply—payments will be automatic. Make sure your banking details are up-to-date to receive your funds on time.

What is the CRA $2,350 Relief Payment?

This one-time relief payment of $2,350 is intended to help low-income Canadian seniors manage expenses such as housing, food, and healthcare. With inflation affecting everyday costs, the government has introduced this measure to provide financial stability to those in need. The payment is non-taxable and does not impact other government benefits, ensuring seniors can fully benefit from the assistance.

With the cost of living continuing to rise, particularly in housing and healthcare, seniors on fixed incomes often struggle to make ends meet. This additional financial boost aims to alleviate financial stress by ensuring seniors can afford necessities like groceries, utility bills, and medical expenses.

Who is Eligible for the CRA $2,350 Relief Payment?

To qualify for the payment, seniors must meet the following criteria:

  1. Be a Canadian citizen or legal resident.
  2. Be aged 65 or older as of February 2025.
  3. Be receiving Old Age Security (OAS) and/or Guaranteed Income Supplement (GIS).
  4. Have an annual income below the GIS threshold.
  5. Have filed their 2024 tax return to confirm income eligibility.

Seniors already receiving OAS or GIS payments will be automatically considered for this relief payment. However, those who have recently turned 65 or have not yet applied for GIS should ensure their applications are processed to avoid missing out on this benefit.

How to Apply for the CRA $2,350 Relief Payment

If you meet the eligibility criteria, here’s what you need to know about applying:

  • Automatic Payments: Most eligible seniors receiving OAS and GIS will receive the payment automatically.
  • Manually Apply (If Required):
    1. Visit the CRA website and log into your MyCRA account.
    2. Navigate to the benefits section and check your eligibility.
    3. If required, fill out the application form and submit necessary documents.
    4. Track your application status through your MyCRA account.
    5. Ensure your direct deposit information is up-to-date to receive the payment without delays.

If you believe you qualify but do not receive the payment, you can contact the CRA Benefits Helpline at 1-800-277-9914 for assistance.

When Will Seniors Receive the CRA $2,350 Payment?

  • The scheduled payment date is February 26, 2025.
  • The funds will be directly deposited into the recipient’s bank account.
  • If you receive OAS/GIS via cheque, expect the payment to arrive within 5–10 business days after the official date.

To avoid delays, seniors should verify their banking details and ensure they have filed their latest tax return to confirm eligibility.

Additional Financial Assistance for Seniors

Old Age Security (OAS)

  • Available to seniors aged 65+.
  • Payment Amount: Up to $727.67/month for seniors 65–74, and $800.44/month for those 75+.
  • Automatically adjusted for inflation every three months.
  • Payments continue for life, and seniors do not need to reapply annually.

Guaranteed Income Supplement (GIS)

  • Designed for low-income seniors who already receive OAS.
  • Maximum payment of $1,086.88/month.
  • Income threshold for single seniors: $22,056 per year.
  • Income thresholds for married couples vary based on the spouse’s eligibility for OAS.

Allowance & Allowance for the Survivor

  • Provides financial assistance for seniors aged 60-64.
  • Eligibility is based on income level and marital status.
  • The Allowance for the Survivor helps widowed individuals with up to $1,647.34/month.
  • Payments continue until the recipient turns 65 and transitions into OAS and GIS benefits.

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FAQs About Relief Payment In February 2025

1. Do I need to apply for the CRA $2,350 relief payment?

No. If you are already receiving OAS or GIS, the payment will be automatically deposited into your bank account.

2. What if I do not receive my payment on February 26, 2025?

Wait 5–10 business days before contacting the CRA. If the payment is delayed, call 1-800-277-9914 (CRA helpline) for assistance.

3. Can I receive both GIS and the $2,350 relief payment?

Yes. Low-income seniors who receive GIS will automatically qualify for this one-time relief.

4. Will the $2,350 payment affect my other government benefits?

No. This payment will not impact OAS, GIS, or any other government benefits.

5. Is this a taxable benefit?

No. The $2,350 relief payment is tax-free and will not be included in your taxable income.

6. Can I receive the payment if I just turned 65 in 2025?

Yes, as long as you apply for OAS and GIS before the payment date and meet the income eligibility requirements.

Author
Vophie Wilson

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