The Canada Revenue Agency (CRA) has confirmed a special triple payment on August 27, 2025, bringing relief to millions of Canadians. This combined deposit will provide financial assistance to seniors and low-income individuals through programs like the Old Age Security (OAS), Canada Pension Plan (CPP), and the Guaranteed Income Supplement (GIS).
The goal is to reduce the financial burden on elderly citizens and ensure a stable income stream to support their cost of living. Here’s a complete breakdown of who qualifies, how much you can receive, and what steps to take before the payment date.
What is the CRA Triple Payment?
The CRA triple payment refers to multiple federal benefits being distributed on the same date. On August 27, 2025, eligible Canadians will receive three important benefits at once:
- Old Age Security (OAS): A retirement income program for seniors.
- Canada Pension Plan (CPP): Monthly income for contributors, retirees, people with disabilities, and survivors.
- Guaranteed Income Supplement (GIS): An income-tested payment for low-income OAS recipients.
This coordinated deposit ensures that beneficiaries have financial security heading into the fall season.
CRA Triple Payment at a Glance
| Program Name | Governing Body | Payment Date | Benefit Type |
|---|---|---|---|
| Old Age Security (OAS) | Government of Canada | August 27, 2025 | Monthly retirement pension |
| Canada Pension Plan (CPP) | Canada Revenue Agency | August 27, 2025 | Pension/Disability/Survivor |
| Guaranteed Income Supplement (GIS) | CRA (linked with OAS) | August 27, 2025 | Income support for low-income senior |
Who is Eligible for CRA Triple Payment?
OAS Eligibility
- Must be 65 years or older.
- Must have lived in Canada for at least 10 years since the age of 18.
- Permanent residency or citizenship required.
CPP Eligibility
- Must have contributed to the CPP during working years.
- Payments vary depending on age of retirement, contributions, and disability or survivor status.
GIS Eligibility
- Available to seniors already receiving OAS.
- Must have low or no income to qualify.
- Marital status and household income affect the payment amount.
Triple Payment Amounts in August 2025
The exact amounts depend on income, contributions, and eligibility. Here’s an estimate of what beneficiaries may expect:
| Benefit Program | Maximum Monthly Amount (Approx.) | Notes |
|---|---|---|
| OAS | Up to $1,433 | For seniors aged 65+ who meet residency requirements. |
| CPP | Around $1,433 for retirement pension; up to $1,673 for disability benefits | Based on contributions and retirement age. |
| GIS | Up to $1,086.88 | Income-tested; varies by marital status. |
On August 27, 2025, those who qualify for all three could see a combined triple deposit in their bank accounts.
CRA Payment Schedule 2025
| Month | Payment Date |
|---|---|
| July 2025 | July 30, 2025 |
| August 2025 | August 27, 2025 |
| September 2025 | September 26, 2025 |
| October 2025 | October 30, 2025 |
| November 2025 | November 27, 2025 |
| December 2025 | December 23, 2025 |
Why This Triple Payment Matters
The triple CRA deposit ensures seniors and low-income Canadians can manage rising living costs. Whether covering rent, groceries, medical needs, or other bills, this financial assistance provides stability and peace of mind. With inflation and higher household expenses still a concern, such coordinated payments play a vital role in protecting vulnerable groups.
The upcoming CRA Triple Payment on August 27, 2025 is a critical step in supporting Canadians who rely on OAS, CPP, and GIS. For seniors and low-income households, this combined deposit represents more than just money—it’s about security, independence, and dignity.
To make sure you don’t miss out, confirm your eligibility, update your direct deposit, and stay prepared for one of the year’s most important benefit payment days.
FAQs
It’s the combined deposit of OAS, CPP, and GIS benefits scheduled for August 27, 2025, providing seniors with three payments on one date.
No, if you are already receiving OAS, CPP, or GIS, you will automatically get your payment. Only new applicants need to apply.
Amounts vary depending on your contributions and income, but combined OAS, CPP, and GIS payments could total over $3,000 for eligible recipients.