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The Canadian government's cost of living relief package includes several benefits passed through Bill c-31, with the third benefit now open for applications. This benefit is the Canada housing benefit Top-Up, providing $500 to eligible Canadians for rising rent costs. This video explains who is eligible for the benefit, how to apply, and the steps involved. Viewers can find more information on the CRA website and stay updated on Canadian news by subscribing to the channel for more updates.