Canadians could receive $500 under Canada Housing Benefit 2024

By Sophie

Eligibility Criteria

Low-Income Threshold: Adjusted net income less than $20,000 for individuals or $35,000 for couples.

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Rent Payment: A minimum of thirty percent of the applicant’s adjusted net income from 2022 must have been paid in rent in 2023.

Residency: Applicants must have been residents of Canada for tax purposes in 2022.

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Age: As of December 1, 2022, applicants must be at least 15 years old.

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Principal Residence: The principal residence must be in Canada.

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Tax Compliance: Submission of the income tax return or statement of income for the year 2021 is mandatory.

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Notably, this $500 one-time benefit stands independently from the monthly Canada Housing Benefit and does not impact other federal income-tested benefits.

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CRA BenefitS 2024

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