2011 ceilings for housing benefits announced

Amounts indicate housing benefits for employees in prescribed zones without a developed rental market
|Canadian Payroll Reporter|Last Updated: 01/25/2011

The Canada Revenue Agency (CRA) has announced the 2011 ceilings for housing benefits that employers provide to employees in prescribed zones without a developed rental market. The changes reflect an increase in the shelter portion of the consumer price index.

For 2011, employers should use the following allowable ceiling amounts to determine the value of housing benefits for employees in prescribed zones without a developed rental market:

For common shelter: $173/month

For an apartment or duplex:

•$467/month for rent only

$227/month for utilities only

•$694/month for rent and utilities

For a house or trailer:

•$781/month for rent only

•$345/month for utilities only

•$1,126/month for rent and utilities

For a listing of communities that qualify as prescribed zones, refer to the CRA guide, Northern Residents Deductions – Places in Prescribed Zones (T4039).

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