The federal government's $500 rent top-up program fell flat, as not even half of eligible Canadians applied. StatCan_eng | realestate rent topup realestatenews
“The take-up rates were atrocious,” writes Macdonald. Of the 1.8M Canadians eligible for the tax-free, one-time rent top-up, just 798,530 applications were received. That’s a take-up rate of 44%. StatCan’s data also shows that, of the $1,163B available through the benefit, around $393M was actually disbursed, translating to a take-up rate of 34%.“When the budget estimates were calculated, they wouldn’t have assumed a 100% take-up rate on an application-based program in the first place.
The application period for the program ran from December 12, 2022 to March 31, 2023. In short, low-income renters meeting the feds’were required to fill out an application through the Canada Revenue Agency website, and those deemed eligible received the benefit in their bank account, in a similar fashion to CERB.
Given the underwhelming response to the CHB, Macdonald goes on to suggest that the government should adopt a “hybrid approach” in future — one that utilizes the data the CRA already has at its disposal.
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