The CRA and Federal government of Canada has launched a benefit named Canada Housing Benefit for all the eligible individuals and families of Canada. The government has launched this beneficiary program for all those individuals who are financially weak and can feel difficulties in paying rent. The government’s aim for launching this scheme is to help the low income individuals who pay rent for houses. To be the beneficiary of this scheme, individuals are required to fulfil all $500 Canada Housing Benefit Eligibility 2024 which is decided by the government and CRA. The CRA will pay the beneficiary amount of $500 which will be tax free. All the individuals need to fill out their application form too to get the benefit of this scheme.
$500 Canada Housing Benefit June 2024
A scheme named Canada Housing Benefit has been launched by the CRA and federal government of Canada in which they will provide a one time top up payment of $500. The almost 4.2 million residents of Canada will take the benefit of this scheme. The government had allotted the bigger amount of 4 million to provide the benefit of this programme. The individual should be older than years at the time of application to be the beneficiary of this scheme. For the tax purpose you must be a resident of Canada.
The beneficiary who fulfills $500 Canada Housing Benefit Eligibility 2024 will get the beneficiary amount through the direct deposit or through the check which will be received by the mail. The government’s main motive behind launching the benefits scheme is to provide financial support to all low income families and individuals, specifically those who pay the rent for their house. Your adjusted family net income for the year of 2021 should be $35000 or below for families and $20000 or below for individuals.
| Name of the Scheme | Canada Housing Benefit |
| Year | 2024 |
| Launched by | Federal government of Canada and CRA |
| Beneficiary | All low income family |
| Beneficiary Amount | $500 |
| $500 Canada Housing Benefit Payment Date 2024 | June 2024 |
| Country | Canada |
| Category | Financial News |
| Official website | Canada.ca |
$500 Canada Housing Benefit Eligibility 2024
All the resident individuals and families need to fulfill all eligibility criteria required to be the beneficiary of this $500 Canada Housing Benefit June 2024. Here we have mentioned a brief eligibility criteria for this scheme.
- To be eligible for this beneficiary scheme individuals should be 15 years old on 1st december, 2022 and they must be born on or before 01/12/2007.
- Your principal residence was in Canada on 01/12/2022.
- According to the tax purpose you must be a permanent resident of Canada in the year of 2022.
- The individual must submit their income tax return or income statement of 2021 by 31st March 2023.
- Your adjusted family net income for the year of 2021 should be $35000 or below for families and $20000 or below for individuals.
- The eligible rent which was paid in the year of 2022 should be for any of principal residences of 2022 which is qualified, or paid equal to or below than 30% of the adjusted family net income for the year of 2021, or paid in the 2022 calendar year.
Eligible Rent
For the one time top up to the Canada Housing Benefit 2024 referred to the payment you have made below given rents will be eligible:
- Under the license, a lease or similar Arrangement
- In 2022 (from 1st January to 31st December)
- For the qualifying provincial residence in Canada for the year of 2022. The amount paid after 2022 would not be considered as eligible rent.
$500 Canada Housing Benefit June 2024 Documents
CRA will verify your application form and if they select your application you have to submit below given documents to get the Canada Housing Benefit 2024.
- Rent receipt you have paid during the year
- A letter received from your landlord.
- Rental property address
- Rent of amount paid
- Dates on which rent was paid
- Person name who paid the rent
- Landlord anime and signature
- Recipient name and signature who received the rent amount
$500 Canada Housing Benefit June 2024 Official Website
| $500 Canada Housing Benefit Payment Date 2024 | Direct Link |
FAQs on $500 Canada Housing Benefit June 2024
All the individuals and families who are permanent residents of Canada and fulfill all the $500 Canada Housing Benefit Eligibility 2024 will be eligible to get the benefit.
The CRA will pay the beneficiary amount through direct deposit and through a check which will be sent via mail.
Giorgio Smith, a Texan native, is a seasoned senior editor at tnpscexams.net. He has done Master of Business Administration in Finance. he boasts over 9 years of experience in finance. Giorgio expertise is in finance, insurance, and money-related content.