Did you claim the Canada Housing Benefit? There is a top and the deadline is coming up!

March 31, 2023 is the deadline for claiming the top-up to the Canada Housing Benefit.

In 2022, the federal government announced the creation of a top-up to the existing Canada Housing Benefit, which would provide a one-time payment of $500 to lower-income individuals who pay a disproportionate share of their income for rental accommodation.

Generally, the Benefit is available to Canadian families who have a family income of less than $35,000 for 2021 or single individuals who have an income of less than $20,000 for that year. In addition, recipients must have, during 2022, paid rent in an amount equal to at least 30% of their 2021 income.

The Canada Revenue Agency has issued a reminder to eligible taxpayers that the deadline to apply for the Canada Housing Benefit is Friday, March 31, 2023.

If you would like help with dealing with the CRA or would like to know more about benefits programs, please feel free to call us at (905) 305-9722 or email us at info@eigenmachtcrackower.com and we will help you out!

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