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