Quick heads up on a new Government subsidy.
Quote:
News release
December 12, 2022 Ottawa, Ontario Canada Revenue Agency
For many Canadians, rising inflation and the high cost of living have made it even more challenging to find a safe and affordable place to call home. Renter households are four times more likely to experience core housing needs than homeowners. That is why the Government of Canada has taken concrete action to help renters who need it most.
Today, the Honourable Diane Lebouthillier, Minister of National Revenue, and the Honourable Ahmed Hussen, Minister of Housing and Diversity and Inclusion, are taking action and announcing that applications for the new one-time top-up to the Canada Housing Benefit are now open. This benefit is a one-time payment of $500 to eligible lower-income renters experiencing housing affordability challenges.
Canadians must meet all the following conditions to be eligible for the new benefit:
have filed a 2021 tax return;
be at least 15 years of age as of December 1, 2022;
be a resident in Canada in 2022 for tax purposes;
have an adjusted family net income of $20,000 or less for individuals, or $35,000 or less for families;
have paid at least 30% of their 2021 adjusted family net income on rent for their principal residence in the 2022 calendar year; and
be able to provide their 2022 address(es) and landlord’s contact information.
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https://www.canada.ca/en/revenue-age...-now-open.html
Applications can be made on your CRA MyAccount.
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