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TAX RESOURCE

Canada Dental and One-Time Top-up to the Canada Housing Benefits

The Government of Canada is delivering targeted affordability measures for Canadians who need it most.

 

The Government of Canada is offering the Canada Dental Benefit and one-time top-up to the Canada Housing Benefit.

The Canada Dental Benefit provides eligible parents or guardians with a direct tax-free payment of up to $650 per year for two years to help cover dental expenses for children under 12.  This benefit, which will support an estimated 500,000 children, is available to families without access to private dental insurance and with an adjusted family net income under $90,000.  The CRA began receiving applications and processing payments for the benefit on December 1, 2022.

The one-time top-up to the Canada Housing Benefit will provide a tax-free payment of $500 to an estimated 1.8 million lower-income renters who are struggling with the cost of housing.  This top-up is available to applicants with an adjusted net income below $35,000 for families, or below $20,000 for single Canadians, who pay at least 30 per cent of their adjusted net income towards rent.  The CRA will begin receiving applications and processing payments for the benefit starting December 12, 2022.

Resources

For tools and resources designed to help clients or patients understand and access the benefits, please refer to the stakeholder resource kits below:

Canada Dental Benefit:

One-time top up to the Canada Housing Benefit

 

 

 

Stark & Marsh offers accounting, tax, audit, consulting, and financial planning services to farm and business owners in southern Saskatchewan. We specialize in helping farm and business owners navigate through tax complexity, improve profitability, manage cash flow, establish business value, prepare for transition, and ensure your personal financial situation is effectively planned and managed.

If you have any questions regarding either program please complete the form below and a member of our team will be in touch with you.

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