#Tax #benefits #CRA #Housing #Tenants #Poverty #CanadaRevenueAgency
In a bid to help tackle skyrocketing rents across the country, the government of Canada will be opening applications on Monday for a one-time top-up as part of the Canada Housing Benefit (CHB) program — an initiative that would put $500 in the pockets of low-income renters.
The one-time top-up to the Canada Housing Benefit aims to help low-income renters with the cost of renting. You may be eligible for a tax-free one-time payment of $500 if your income and the amount that you pay on rent qualify.
The Canada Revenue Agency (CRA) administers this one-time payment. To apply for this new federal one-time payment, you do not need to receive other housing benefits such as the Canada Housing Benefit, which is co-funded and delivered by the provinces and territories.
To apply for the new benefit please click here.
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