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Tips for taxpayers with repaid CERB error on tax slips

Anita BalakrishnanCanadian Press
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 he realized he was ineligible, their tax slip from the Canada Revenue Agency says $2,000 has not been repaid. The amount is considered taxable income for 2020.
The Canada Revenue Agency (CRA) confirmed this week that some taxpayers who repaid Covid-19 related benefits in 2020 have received incorrect tax slips that wrongly list portions of the repaid benefits as taxable income. ....

Edward Rajaratnam , Employment Insurance Or Service Canada , Canada Revenue Agency , Employment Insurance , Service Canada , எட்வர்ட் ராஜரத்தினம் , வேலைவாய்ப்பு காப்பீடு அல்லது சேவை கனடா , வேலைவாய்ப்பு காப்பீடு , சேவை கனடா ,

CRA says 'rare' error in some tax slips lists repaid CERB as taxable income | iNFOnews

Anita Balakrishnan
The Canada Revenue Agency sign outside the National Headquarters at the Connaught Building in Ottawa is seen on Monday, March 1, 2021. The Canada Revenue Agency says some taxpayers who repaid COVID-19 related benefits in 2020 are getting incorrect tax slips. THE CANADIAN PRESS/Justin Tang
March 03, 2021 - 11:59 AM
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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Tips for taxpayers with repaid CERB error on tax slips

Tips for taxpayers with repaid CERB error on tax slips
advisor.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from advisor.ca Daily Mail and Mail on Sunday newspapers.

Edward Rajaratnam , Employment Insurance Or Service Canada , Canada Revenue Agency , Employment Insurance , Service Canada , எட்வர்ட் ராஜரத்தினம் , வேலைவாய்ப்பு காப்பீடு அல்லது சேவை கனடா , வேலைவாய்ப்பு காப்பீடு , சேவை கனடா ,

CRA says 'rare' error in some tax slips lists repaid CERB as taxable income - Medicine Hat NewsMedicine Hat News

CRA says 'rare' error in some tax slips lists repaid CERB as taxable income - Medicine Hat NewsMedicine Hat News
medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.

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CRA says 'rare' error in some tax slips lists repaid CERB as taxable income

The Canada Revenue Agency confirmed this week that some taxpayers who repaid COVID-19 related benefits in 2020 have received incorrect tax slips that wrongly list portions of the repaid benefits as taxable income.
The CRA had previously informed CERB recipients that they must repay the benefit if they earned more income than expected during the four-week payment period, or if they applied and later realized they were ineligible. It also said duplicate CERB payments should be repaid if recipients applied for and got the CERB from both the CRA and Employment Insurance or Service Canada for the same eligibility period.
CERB recipients who repaid before Dec. 31, 2020, should not have to pay tax on those amounts on 2020 tax returns, the revenue agency s website notes, with the repaid amounts subtracted from the individual s benefit amount on T4A slips. ....

Edward Rajaratnam , Etienne Biram , Danny Thomson , Ottawa Safety Council , Employment Insurance Or Service Canada , Canada Revenue Agency , Canada Emergency Response Benefits , Employment Insurance , Service Canada , Canadian Press , Business Finance , எட்வர்ட் ராஜரத்தினம் , ஈடியெந் பிராம் , டேனி தாம்சன் , ஆடவா பாதுகாப்பு சபை , வேலைவாய்ப்பு காப்பீடு அல்லது சேவை கனடா , கனடா அவசரம் பதில் நன்மைகள் , வேலைவாய்ப்பு காப்பீடு , சேவை கனடா , கனடியன் ப்ரெஸ் , வணிக நிதி ,