Posts

Showing posts from January, 2023

Applying for the one-time top-up to the Canada Housing Benefit - Canada Revenue Agency

Applying for the one-time top-up to the Canada Housing Benefit - Canada Revenue Agency For many Canadians, the rise of inflation and the high cost of living has made it even more challenging to find a safe and affordable place to call home. That's why the Government of Canada is taking action to help vulnerable Canadian renters facing housing affordability challenges. On December 12, 2022, the Canada Revenue Agency (CRA) is accepting applications for the one-time top-up to the Canada Housing Benefit and you may be eligible to apply! This benefit provides a one-time payment of $500 to eligible applicants. To be eligible for the one-time top-up to the Canada Housing Benefit, you must: - have filed a 2021 tax return; - be at least 15 years of age as of December 1, 2022; - have an adjusted family net income of $20,000 or less for individuals or $35,000 or less for families; - be a resident of Canada in 2022 for tax purposes; - have paid at least 30% of your 2021 adjusted fam