The federal government of Canada will soon announce the $500 One Time Housing Payment Date 2024 on their official site. The eligible citizens of Canada can expect the payment in July 2024. The $500 Canada Housing Benefit Eligibility is mainly based on the applicant’s annual income and tax file return. The CRA would make the payment to the successful eligible beneficiaries through direct deposit or cheque on the said date. You will get notified by the CRA on their portal @canada.ca regarding the payment date updates.
Check out the recent info about Canada’s $500 Housing Benefit, eligibility criteria, and more.
$500 One Time Housing Payment Date 2024
In July 2024, the authority will make a one-time $500 payment to the citizens under the Canada Housing Benefit Program. The main aim of this program is to provide help to low income families and individuals who live on rent. The housing cost has risen a lot in many provinces in Canada which makes it difficult for Individuals who have less income to pay off their rent. To give them relief the government is providing this $500 One-Time Canada Housing Payment 2024 to the qualifying citizens of the country. It won’t be paid twice to the citizen.
A $500 Housing Benefit 2024 would impact the lives of both families and individuals at this time. It is a tax free payment. The housing benefit program was started in 2022. And the application procedure started in Dec 2022. Those low pay citizens of Canada who came under a certain category and applied for the program at that time will get the payment. CRA will notify you through mail regarding the housing payment. If you have opted for a direct deposit, then the payment will take about 5-7 business days and in the case of a mailed cheque, it will reach in 10-12 business days.
$500 Canada Housing Payment 2024- Overview
| Title of the Article | $500 One Time Housing Payment Date Canada 2024 |
| Department Name | Canada Revenue Agency |
| Country | Canada |
| Beneficiaries | Low-income individuals and family |
| Payment Amount | CAD 500 |
| $500 Canada Housing Payment Date 2024 | Expected in July 2024 |
| Category | Financial Aid |
| Official Website | canada.ca |
Canada $500 Housing Payment 2024 Eligibility
To be entitled to a $500 One Time Housing Payment, you must fulfil the below stated eligibility requirement set by the Canada Revenue Agency. If you didn’t meet all the below-mentioned criteria, then you won’t receive the payment.
- For tax purposes the beneficiary must be an inhabitant of Canada in 2022.
- The beneficiary must age a minimum of 15 years old.
- The beneficiary must have a principal residence in Canada on the 1st of December 2022.
- Individual should have filed their tax return for 2021 before the 31st March 2023. If they have a common-law partner or spouse, then they must have also filed their income tax return by 31st March 2023 for the 2021 year.
- In 2021, the individual adjusted net income should be $20000 or less than that.
- In 2021, the family adjusted net income should be $35000 or less than that.
- The individual must have paid 30 percent of their 2021 adjusted net pay towards their main residency in the 2022 almanac year.
$500 Canada Housing Payment Dates 2024
As per the recent reports, the CRA hasn’t officially announced the $500 Canada Housing Payment Dates 2024 yet. The application forms are no longer available on the site, it was ended on 31 March. Those recipients who have applied for the benefit have been waiting for the payment for a very long time. There is a chance that the Canada Revenue Agency will distribute the payment by the end of July 2024. Applicants can visit their official portal to get the latest info regarding the payment dates. However, the CRA will notify the applicant individually through mail.
How to Check the $500 Canada Housing Payment Status 2024?
Those applicants who have applied for the $500 Canada Housing Benefit can check the payment status through the following steps:
- Go to the authorized portal of the Canada Revenue Agency i.e. canada.ca.
- Sign in to your My CRA account. Enter ID and password.
- Look for the “One Time Canada Housing Benefit Status” option. Click on that.
- The payment status would appear on the screen. If it is paid or not.
It is to be noted that, if you are not eligible for the payment but still received it then you will have to return the CAD 500 one-time payment to CRA. You can return or repay the payment to them by following the repayment process or you can inform CRA through call.
$500 Canada Housing Payment 2024 FAQs
Canada Revenue Agency might announce a $500 Canada One Time Housing Payment 2024 by the end of July 2024. You will get notified on the CRA official portal.
Individuals who were aged at least 15 years as of 1 December 2022 and meet the remaining eligibility criteria are eligible for the benefit. You can check the detailed $500 Canada Housing Benefit Eligibility in the article.
You will get the $500 Housing Payment on your account or via cheque. The direct deposit takes nearly about 5 to 7 business days, and a mailed cheque will take 10 to 12 business days to arrive.
You can check the housing payment status from the official portal of CRA i.e. canada.ca.