The Canadian Government has officially approved a one-time $500 financial assistance for low-income renters, set for distribution in April 2025. This non-taxable payment is part of the Canada Housing Benefit (CHB) initiative and is aimed at alleviating housing costs during a time of rising living expenses.
Administered by the Canada Revenue Agency (CRA), the program offers vital support to those struggling to maintain stable living conditions.
Here’s everything you need to know about the $500 one-time payment, including eligibility requirements, application methods, and expected payment timelines.
Overview of the $500 One-Time Payment Program
| Program Details | Information |
|---|---|
| Program Name | $500 One-Time Payment for Low-Income Renters |
| Administered By | Canada Revenue Agency (CRA) |
| Part of | Canada Housing Benefit (CHB) |
| Payment Amount | $500 (Non-Taxable) |
| Expected Payment Date | April 2025 |
| Eligibility | Low-income renters meeting specific criteria |
| Application Process | Online & Offline Methods |
This initiative aims to prevent evictions and ease the financial burden faced by vulnerable renters in Canada.
Eligibility Criteria for the $500 One-Time Payment
To qualify for the $500 rental assistance payment, applicants must meet the following conditions:
1. Residency and Citizenship Requirements
- Must be a Canadian citizen, permanent resident, or protected person.
- Must have been a resident for tax purposes during the eligibility period.
2. Income Thresholds
- Single individuals: Annual adjusted family net income of $20,000 or less.
- Families or households with dependents: Annual adjusted family net income of $35,000 or less.
3. Rent-to-Income Ratio
- Must spend at least 30% of their adjusted net income on rent.
4. Tax Filing Requirement
- Must have filed a 2021 tax return, as eligibility will be assessed based on the 2021 Notice of Assessment.
5. Proof of Rent Payments
Applicants must provide documents such as:
- Rent receipts
- Lease agreements
- Landlord statements
These requirements help ensure that the payment reaches genuine renters in need.
$500 One-Time Payment Disbursement Timeline
The official payment rollout is expected in April 2025. Once approved:
- Direct Deposit: Payments will be issued within 5–7 business days.
- Cheque Payment: Payments will be issued within 10–12 business days.
Applicants can track their application status through their CRA My Account portal.
How to Apply for the $500 One-Time Payment
Applying is simple and accessible through both online and offline methods.
Online Application Process
- Log in to the CRA My Account portal.
- Go to the Canada Housing Benefit One-Time Top-Up section.
- Complete and submit the application with accurate details.
- Receive a confirmation number for tracking.
Offline Application Methods
- Phone Application: Call the CRA helpline at 1-800-282-8079.
- Mail Application: Download, complete, and send the form along with supporting documents to the CRA mailing address.
Early application is encouraged to avoid potential delays in receiving the payment.
Why the $500 Payment Is Important
The $500 housing benefit serves as a critical relief measure:
- Prevents evictions by helping renters cover urgent housing costs.
- Reduces financial pressure on low-income households during a period of rising expenses.
- Supports vulnerable groups, including single individuals, seniors, and low-income families.
This one-time support offers immediate relief to those facing housing insecurity.
The $500 one-time payment scheduled for April 2025 is an important step in helping low-income renters manage the rising costs of housing in Canada.
Eligible individuals who meet the residency, income, and rent-to-income criteria should apply promptly through the CRA to secure their benefit.
As housing affordability challenges continue, this payment provides essential stability for households most at risk.
Timely application ensures eligible renters receive their much-needed support without unnecessary delays.
FAQs
When will the $500 one-time payment be distributed in Canada?
The payment is expected to be distributed starting in April 2025 for eligible applicants.
Who qualifies for the $500 housing benefit?
Low-income renters with an annual income under $20,000 (single) or $35,000 (family) who meet rent ratio requirements qualify.
How can I apply for the $500 payment?
Applications can be submitted online via CRA My Account, by phone, or by mail with required documents.