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Alert: 4 Ways the CRA Can Take Back Your $14,000 CERB!

Alert: 4 Ways the CRA Can Take Back Your $14,000 CERB! More on: Image source: Getty Images The Canada Revenue Agency (CRA) played a monumental role in helping Canadians affected by COVID-19 during 2020. The government agency was tasked with providing Canadians who lost income due to the lockdown measures with $2,000 payments for four-week eligibility periods to help them meet expenses. The Canada Emergency Response Benefit (CERB) program lasted 28 weeks, paying out $14,000 for each applicant that qualified for the entire program. Millions of Canadians benefited from the program. Unfortunately, not everyone who received CERB money might be able to keep the entire amount. You might have to return some or all of the CERB money you received from the CRA.

CRA Changes: 2 Big Updates to Your 2021 Paychecks

2 TFSA-Worthy Dividend Stocks I d Buy With $6,000 - The Motley Fool Canada

Image source: Getty Images If you’re like one of many Canadian investors who hasn’t contributed or invested your 2021 Tax-Free Savings Account (TFSA) contribution of $6,000, now is as good a time as any to do so with a potential economic recovery on the horizon and (hopefully) an end to the horrific COVID-19 pandemic. While some concern has been raised by some pundits and sell-side analysts over the possibility of a painful correction that could happen at some point in the first half, I’d argue that there are undervalued areas of the market that can help TFSA investors limit their damage if such a correction were to hit.

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