Bill C-31 Receives Royal Assent
On November 17, 2022, Bill C-31, the Cost-of-Living Relief Act, No. 2 (Targeted Support for Households), received Royal Assent and aimed to increase affordability for Canadians.
The two measures outlined in this bill include the Canada Dental Benefit and the Canada Housing Benefit.
Canada Dental Benefit
The Canada Dental Benefit will provide eligible parents with up to $650 per year to cover dental expenses for children under 12 years old. This benefit is available to families with no dental insurance and an adjusted family net income under $90,000.
Canada Housing Benefit
The Canada Housing Benefit will provide eligible low-income renters with a tax-free payment of $500 as a top-up to the current Canada Housing Benefit. This top-up is available to individuals with an adjusted family net income below $35,000 or $20,000 for single individuals.
Application portals for both measures above will open in early December.
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