What is Rent Geared to Income?
Silvera for Seniors accepts residents whose need for housing is greatest.
We determine who is eligible by using a system called “Rent Geared to Income.” This means that rent is calculated based on your income type and amount; the exact percentage varies depending of the cost of rent at a specific community. Base rents are in effect.
To understand how much rent you will pay as a resident of Silvera, please refer to Line 150 of the most current tax year Notice of Assessment for your income. Then use this figure in the calculations. For example, single person renting from the Confederation Park Community will pay 58% of Line 150.
For information on individual locations please visit Supportive Living Community Locations.