Repaid CERB wrongly listed as taxable income on some tax slips: CRA

Author: External Author | | Categories: Tax Returns , Taxes

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When the COVID-19 pandemic closed schools last spring, crosswalk guard and recent graduate Danny Thomson was encouraged by the Ottawa Safety Council to apply for the new COVID-19 emergency benefits.

But even though Thomson returned $3,000 in Canada Emergency Response Benefits last year after they realized they were ineligible, their tax slip from the Canada Revenue Agency says $2,000 has not been repaid. The amount is considered taxable income for 2020.

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Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:  Anita Balakrishnan

Original Article Posted on:  March 2, 2021

Link to Original Article:  https://globalnews.ca/news/7672258/cerb-repaid-tax-slips-cra/



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