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Low Income Top Up Benefit

Posted by Timothy Ross on November 14, 2022 at 9:19pm
Low Income Top Up Benefit

https://www.canada.ca/en/services/taxes/child-and-family-benefits/top-up-canada-housing-benefit.html

The government is proposing a one-time payment to help low-income renters. If legislation passes as drafted, this benefit would be available to renters who:

  • have an adjusted net income for 2021 of $35,000 or less for families, or $20,000 or less for individuals
  • pay at least 30 per cent of their adjusted net income on rent for their own principal residence in Canada

 

 

Tags: rent, low income, tax benefit
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  • Timothy Ross November 14, 2022 at 9:20pm

    The government is proposing a one-time payment to help low-income renters. If legislation passes as drafted, this benefit would be available to renters who:

    • have an adjusted net income for 2021 of $35,000 or less for families, or $20,000 or less for individuals
    • pay at least 30 per cent of their adjusted net income on rent for their own principal residence in Canada
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