Please enter your email and we'll send you a new password request link. Other measures to counter the burden of inflation and housing costs on Canadian households are in the works. for (h in b) Last month, Bill C-31 received Royal Assent, which means support measures like the Canada Dental Benefit and the Canada Housing Benefit boost have officially been given the go-ahead. For instance, the federal government expects to launch a new tax-free first home savings accounts in mid-2023 so that young Canadians can afford a down payment more quickly. j.async = true The first package, which included a doubling of the GST credit, received royal assent on October 18. For media enquiries, please contact:Daniel Pollak Press Secretary Office of the Minister of Seniors, Deb Schulte 343-551-7558daniel.pollak@hrsdc-rhdcc.gc.ca Media Relations Office Employment and Social Development Canada 819-994-5559media@hrsdc-rhdcc.gc.caFollow us on Twitter. s.src = window.__PRELOADED_CONFIG_DATA__.kumulosConfig.scriptSrc; ","type":"text","isParagraph":true,"isHeading":false},{"type":"relatedStories","relatedStories":[]},{"type":"cta","buttonText":"Sign Up Now","buttonLink":"/emails.html?nsrc=article-inline-realestate","description":"Find out more about owning, renting and just getting by in Toronto and beyond with our weekly Real Estate email newsletter. There's also that temporary doubling of the GST credit, through which eligible households will receive twice as much as they usually would in a six-month period to offset the burden of the federal sales tax. Landlords can still seek evictions for reasons unrelated to the health emergency or if a tenant refuses to negotiate or comply with a payment plan. var d = document.getElementsByTagName('script')[0] ) })() The province has banned evictions for tenants whose income has been affected by COVID-19 for three months starting on March 19. '&l=' + l : '' '&i=TORONTOSTARCONTENT1&cm=' + return (a[c] === b && 0 === d) || (a[d] === b && 0 === c) w = [l(b.l1), l(b.l2), l(b.l3), l(b.l4)].join(':'), OAS payment amounts will only increase or stay the same. b-- : ((a[b] = a[d]), (a[d] = e)) ADVERTISEMENT Applications open on December 12, so here's what you should know before you apply. e = e + '&vc=2', '&j=' + !0 : !1) : !0 return loc.replace(b + '/authors.' if (origin !== 'https://misc.thestar.com') return Historical values are available on the Open Data portal. var C = document.getElementsByTagName('script')[0] The federal government has teamed up with the province to bring in a rent subsidy that will provide $2,500 annually to those who qualify. (f.a ? Increases to OAS benefits are calculated using the Consumer Price Index, which measures changes in prices paid by Canadian consumers for goods and services, and is the most widely used indicator of price changes in Canada. A joint federal and provincial government housing program announced Monday aims to help pay the rent for up to 25,000 people in B.C. '&j=' + if (((d = c[b]), 'og:title' === d.getAttribute('property'))) { You can apply for the benefit directly with the province. I also hold the Chartered Insolvency and Restructuring Professional (CIRP) designation, which I acquired in 2009, and achieved my Licensed Insolvency Trustee certification in 2013. According to criteria listed online, you must be at least 15 years old with a primary residence in Canada as of December 1, 2022. c = document.getElementsByTagName('meta'), As is the case in B.C., the payment will go directly to landlords. © 2020 Global News, a division of Corus Entertainment Inc. Site theme toggle. ","source":"Toronto Star","credit":"Paige Taylor White","url":"/content/dam/thestar/business/2022/09/15/are-you-one-of-the-18-million-canadians-eligible-for-the-feds-500-rent-subsidy-heres-how-to-find-out/_1_rent.jpg","mainartSize":"medium","renditions":[{"url":"https://images.thestarimages.com/LgHculWbib3vDgRva8U9xrkTfwk=/0x0:1200x800/93x52/smart/filters:cb(1663283018520):format(webp)/https://www.thestar.com/content/dam/thestar/business/2022/09/15/are-you-one-of-the-18-million-canadians-eligible-for-the-feds-500-rent-subsidy-heres-how-to-find-out/_1_rent.jpg","nonWebPUrl":"https://images.thestarimages.com/1uvuX_F0YuMrBXNd7PcZGZNuzjk=/0x0:1200x800/93x52/smart/filters:cb(1663283018520)/https://www.thestar.com/content/dam/thestar/business/2022/09/15/are-you-one-of-the-18-million-canadians-eligible-for-the-feds-500-rent-subsidy-heres-how-to-find-out/_1_rent.jpg","width":93,"height":52,"scalefactor":8,"aspect":"wide"}]},"seopublisheddate":"2022-09-15","seomodifieddate":"2022-09-15T12:48:54.434Z","primarylabel":{"label":"Business","relurl":"/business","url":"https://www.thestar.com/content/thestar/business.html"},"totalParas":0,"additionalEvents":",event29","sectionLevel1":"Business || /business"} Please enter your email and we'll send you a new password request link. Income support is available only to those who have no other source of compensation. The program ran from December 12, 2022 to March 31, 2023. Heres what you need to know. r = A ? (CIRP) designation, which I acquired in 2009, and achieved my Licensed Insolvency Trustee certification in 2013. var _vis_opt_protocol = var e = e.join('&'), for ( '&ku=1&ac=1&pl=1&bq=10&ad_type=img&vc=2&cs=0' try { Ontario's Housing Benefit program is expected to help around 300,000 families afford rent throughout the province. In July 2021, OAS benefits will automatically increase 1.3%, bringing the maximum monthly OAS pension amount to$626.49, up from $618.45. if (height && iframe) { if (!m) return switch (m[1]) { E = The province has a moratorium on evictions until June 30. Get ready, renters! encodeURIComponent(w) + if ( Most seniors have low and modest incomes. I look forward to doing whatever is necessary to help you. As a Licensed Insolvency Trustee (LIT) with Grant Thornton Limited, I help both English and French speaking individuals and entrepreneurs get a financial fresh start. f = D() _vis_opt_protocol + As seniors age, their health and home care costs rise, all while they are more likely to have disabilities, be widowed or be unable to work. googletag.pubads().setTargeting("gs_channels",gs_channels) 'gtm.start': new Date().getTime(), typeof _vis_opt_top_initialize == 'function' The program that offered a one-time payment of $500 to help lower-income renters has ended. if (!m[2].indexOf('travel')) return loc.replace(b + '/life/travel.html') } catch (b) {} n = Math.floor(Math.random() * Math.pow(10, 12)), m = new Date().getTime(), return { b: a, a: 0 == Math.floor(Math.random() * a) } var G = j = d.createElement(s), Who's eligible? '<\/s' + '<\/s' + c += (0 === b ? '' This new measure will grant a tax-free payment of $500 to an estimated 1.8 million low-income renters in Canada who are struggling with the rising cost of housing. The provincial government recently announced a program to offer a $100 Sobeys gift card to employees who have been laid off as a result of COVID-19 and are waiting to receive EI payments. apiKey: window.__PRELOADED_CONFIG_DATA__.kumulosConfig.apiKey, z(a, b, d, x[0]) || f ? ","type":"text","isParagraph":true,"isHeading":false},{"type":"ad","heading":"ARTICLE CONTINUES BELOW","name":"ArticleSecondBigBox","display":"medium-down","pos":"2","interstitial":true,"sizes":[[300,250]]},{"text":"The government, which estimates that 1.8 million Canadians are eligible for this benefit, says the payments would be launched by the end of the year assuming Parliament passes the Liberals proposed legislation. To order As of March 26, the province is no longer accepting applications for non-urgent evictions. Here's what you need to know about the top-up to the Canada Housing Benefit, eligibility and how to apply. var f = d.getElementsByTagName(s)[0], var d = 0; s.async = !0 })(b, e, t), Prior to joining Grant Thornton in 2009, I practiced at a regional law firm in Saint John, New Brunswick, where I helped individuals, companies, lenders and the government address insolvency and other accounting-related matters. g + var e = [], C.parentNode.insertBefore(k, C) '&cs=' + Between July 2022 and June 2023, eligible Canadians can receive up to $467, for single people without children; $612, for married or common-law partners; $612, for single parents; or $161, for each child under 19. !function(){var n=window.location!==window.top.location?document.referrer:window.location,o=document.createElement("script"); break So far, the province has suspended evictions for tenants who fail to pay rent and/or utility bills before May 1. var eventName = 'GrapeshotTagsLoaded'; No action is required by seniors, who will automatically receive the payment if they are eligible. Please complete your profile to unlock commenting and other important features. window.googletag = window.googletag || {cmd: []}; return loc.replace(b + '/news/' + m[2]) try { (function(a) { 'cript src="' + ft. Neighbourhood: Ft. Richmond, Winnipeg. } p, d++ case 'article': This supplement is part of a package of programs, the Cost of Living Relief Act, No. Something went wrong while submitting the form. var u Canada.ca Taxes Tax credits and benefits for individuals One-time top-up to the Canada Housing Benefit The one-time top-up to the Canada Housing Benefit aims to help low-income renters with the cost of renting. meta.content = 'no-referrer' ;(function() { As pandemic winds down, COVAX has billions left to spend. Mar 31, 2020, Online petition calling for rent relief gains momentum, How landlords are coping with the COVID-19 outbreak, Coronavirus outbreak: Ford asks people still employed to pay rent, 1 dead, 1 in critical condition after gondola struck at Quebecs Mont-Tremblant resort, Bank of Canadas latest rate hikes are signs it made a mistake: analysts, N.S. Have declared their principal residence in Canada . w[l] = w[l] || [] The $500 payment is exempt from tax and will be administered by the Canada Revenue Agency (CRA). Landlords wont be able to raise rent between April 1 and May 31. q = p ? to colleagues, clients or customers, or inquire about The government has also doubled the GST Credit for six months, providing $2.5 billion in relief for Canadians. event: 'gtm.js', Eviction hearings are on hold for as long as the provinces state of emergency is in force. Thank you! m = loc.pathname === '/' && loc.hash && loc.hash.match(/^#\/(\w+)\/(. If you're hoping to buy your first house in the coming years, you could save up to $40,000 tax-free, according to an online summary. Across the country, April 1 will mark the first rent due date since the COVID-19 pandemichit home in Canada. On March 26, the province introduced legislation to prevent evictions for tenants who cant pay rent because they have lost income resulting from COVID-19. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one anothers acts or omissions. All rights reserved, Narcity Media Inc. Before you apply, make sure you have filed your 2021 income taxes and that you have your rent information with you, including the address of your principal residence, the amount you paid for rent in the 2022 calendar year as well as the name and contact information of the property's owner. The province has suspended eviction orders until further notice and postponed scheduled enforcement of current eviction orders. Your account has been created! This benefit is a one-time payment of $500 to eligible lower-income renters experiencing housing affordability challenges. ) Your submission has been received! y = (function(a) { 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." t = /zct[a-z0-9]+/i, Prince Edward Island has created an emergency benefit for tenants who are facing financial hardships as a result of the COVID-19. The application process requires renters to submit proof of address, such as a driver's licence or utility bill. ', //-->window.__APOLLO_STATE__={};"use strict";var gs_channels="DEFAULT"; Your submission has been received! } } small businesses struggling with rent problems. 'cript>' (k.onerror = function() { m + Between July 2022 and June 2023, eligible Canadians can receive up to $467, for single people without children; $612, for married or common-law partners; $612, for single parents; or $161, for . Home Subscribe Advertise About Us Contacts E-News Sign-Up E-News Archives Search Follow Us on Twitter Follow Us on Facebook Follow Us on LinkedIn THE REMI NETWORK IS REMI Network Canadian Property The Feds Have Announced A New 'Top Up' Of $500 For The Canada Housing Benefit To Help Renters More cash to help with rent. ], ((a = decodeURIComponent(a)), c != a) && permissions/licensing, please go to: www.TorontoStarReprints.com. '&mp=0&ac=1&pl=1&bq=10&ad_type=img&vc=2&cs=0', if (!m[2].search(/^(? ","title":"Get more housing news in your inbox"},{"text":"The Goods and Services Tax Credit","type":"text","isParagraph":true,"isHeading":false},{"text":"The government has also doubled the GST Credit for six months, providing $2.5 billion in relief for Canadians. '>m_cookies_win=x' Applications will be available in mid-April on the B.C. var a, })(), Many Canadians. If you meet all the listed criteria, you may be eligible to apply for the top-up. var s = document.createElement('script') } 'ac=1', I also hold the. $100 Sobeys gift card to employees who have been laid off as a result of COVID-19 and are waiting to receive EI payments. Could I have a Canada Response Benefit (CRB) overpayment? ","type":"text","isParagraph":true,"isHeading":false},{"type":"textBreakPoint","insertAt":"contentMiddleBreakPoint"},{"type":"articleRelatedInlinePrimary"},{"type":"ad","className":"fresh-eight-ad","name":"Fresh1","display":"medium-up","pos":"2","sizes":[[728,90],[728,270]]},{"text":"According to the governments announcement, the Canada Revenue Agency would have to verify that applicants are paying rent, and that at least 30 per cent of their income goes toward rent. } d.parentNode.insertBefore(s, d) case 'author': The proposed cost of the support is around $1.2 billion. var A = document.referrer.match(/^([^:]{2,}:\/\/[^\/]*)/), ","canonicalUrl":"https://www.thestar.com/business/2022/09/15/are-you-one-of-the-18-million-canadians-eligible-for-the-feds-500-rent-subsidy-heres-how-to-find-out.html","seoDescription":"New federal governments support programs include dental care payments for children of uninsured parents, a doubling of the existing GST rebate and a one-time increase in rental support. They will never go down. Landlords cannot apply or retroactively collect fees for late rent payments for the period until June 30. discussion with a Licensed Insolvency Trustee. '