Thank you very much, MP Sidhu, for that important question.
Yes, this legislation will benefit 1.8 million renters struggling with the cost of housing in this country. It will be available to applicants with a family income below $35,000, or $20,000 for individuals, and who pay at least 30% of their net income on rent. The application process for this benefit will be attestation-based, as my colleague has indicated, and the CRA will provide the upfront verification of an applicant's eligibility.
It's really important to also note that this benefit will not reduce other federal income-based benefits programs, and we will work with provinces and territories to ensure that recipients do not have their provincial and territorial benefits negatively impacted as a result of receiving this housing benefit.
The payment will be launched by the end of the year, pending passage of this legislation, so I really urge my Conservative colleagues to stop obstructing the passage of this legislation and to help us deliver this much-needed payment to Canadians as soon as possible.