Some Canadians can apply for a one-time rent top up starting Monday. Here’s what to know
Global News
The government of Canada will be opening its applications Monday for a one-time top-up as part of the Canada Housing Benefit (CHB) program.
In a bid to help tackle skyrocketing rents across the country, the government of Canada will be opening applications 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.
This comes amid an ongoing increase in renting costs. According to Rental.ca’s November 2022 Rent Report, the average October rent price across the country was $1,976 per month, which it said was an annual increase of 11.8 per cent.
“I think the most important thing is to understand there are Canadians out there who are really hurting … what we’re doing with these specific measures is targeting those most vulnerable, those most hard-hit by increases in inflation,” Prime Minister Justin Trudeau told reporters back in September.
Trudeau announced the one-time top-up as he unveiled the federal government’s spending plans that month — plans that were built on commitments made in the federal budget earlier in 2022.
Here’s what to know about the program.
According to the government of Canada, the one-time top-up would “consist of a tax-free payment of $500 to provide direct support to low-income renters.”
Canadians would receive this payment once from the Canada Revenue Agency (CRA), the government notes.
“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,” the government says on its website.
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