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One-time top-up to the Canada Housing Benefit – $500

The one-time top-up to the Canada Housing Benefit aims to help low-income renters with the cost of renting. You may be eligible for a tax-free one-time payment of $500 if your income and the amount that you pay on rent qualify.

Eligibility

  1. at least 15 years old on December 1, 2022
  2. Your principal residence was in Canada on December 1, 2022
  3. You were a resident of Canada in 2022 for tax purposes
  4. You and your spouse or common-law partner have filed 2021 income tax return
  5. In 2021, your adjusted family net income of $35,000 or less for families, or $20,000 or less for individuals
  6. your 2022 rent payments are at least 30% of your 2021 adjusted family net income

Application deadline

The last day you can apply is Friday, March 31, 2023 (11:59 pm ET)

Personal income tax rate

2022, the federal tax rates and income thresholds

Annual taxable income ($)
From – To		Federal tax rate (%)
R
0.00 – 50,197.0015%
50,197.01 – 100,392.0020.5%
100,392.01 – 155,625.0026%
155,625.01 – 221,708.0029%
221,708.01 –33%

2022, the British Columbia tax rates and income thresholds

Annual taxable income ($)
From – To		Provincial tax rate (%)
V
0.00 – 43,070.005.06%
43,070.01 – 86,141.007.70%
86,141.01 – 98,901.0010.50%
98,901.01 – 120,094.0012.29%
120,094.01 – 162,832.0014.70%
162,832.00 – 227,091.0016.80%
227,091.01 –20.50%

CPP contributions for 2022

Maximum pensionable earnings $64,900.00

Contribution rate (%) 5.70

Maximum contribution $3,499.80

EI premiums for 2022

Maximum annual insurable earnings $60,300

Premium rate (%) 1.58

Maximum annual employee premium $952.74