Help With First Month Rent And Deposit
Description
How to fill out Application To Lease An Apartment With Payment Of First Month's Rent As Deposit?
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FAQ
This one-time, tax-free $500 payment is intended to support lower-income individuals and families who struggle with the cost of rent. Since the Government of Canada launched the benefit on December 12, 2022, more than 600,000 renters in Canada have already received their one-time payment.
Landlords usually ask tenants for a security deposit, sometimes called a damage deposit. The amount of a security deposit cannot be more than one month's rent at the time tenancy starts. The security deposit cannot be increased as rent increases, or for any other reason during the tenancy.
The Housing Stability Bank provides interest free loans to assist with Rental Arrears, First Month's Rent (ODSP recipients only) and/or Last Month's Rent.
With less than six weeks remaining to apply, lower-income renters are encouraged to take advantage of the one-time top-up to the Canada Housing Benefit ahead of the March 31, 2023 deadline. This one-time $500 payment is intended to assist lower-income individuals and families who struggle with the cost of rent.
If you apply through CRA My Account or by phone, and are signed up for direct deposit, you can get your payment within 3 to 5 business days. Applicants who are unable to apply online may contact the CRA at 1-800-282-8079 to complete their application with a trained agent.