BC Housing will pay subsidy for a unit occupied by a caretaker based on the following guidelines:

1. If the caretaker is in core need and meets the minimum national occupancy standards, use the RGI calculations outlined in the rent calculation section of the Operations Guide to determine the tenant rent contribution (TRC). Subsidy will be paid as the difference between the TRC and the full economic rent.

2. If the caretaker is not in core need, the rent will be the lower of:

30% of the Core Need Income Threshold (CNIT) for the unit size, or
The CMHC maximum market rent for the community.

Some non-profit societies decide to collect a lower rent than the above calculation produces, as part of the caretaker’s employment contract. If you reduce the rent, the difference between the amount collected and the calculated rent is considered to be a taxable benefit and should be included as part of the maintenance salaries line item in the budget

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