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CRA says rare error in some tax slips lists repaid CERB as taxable
By External Author | | Posted in " Bookkeeping, business accounting, Corporate & Personal Tax Returns, corporate tax, corporate tax services, Tax & Benefits, tax accountant, Tax accountants, tax filing, tax return preparation "
The Canada Revenue Agency says some taxpayers who repaid Covid-19 related benefits in 2020 are getting incorrect tax slips. The CRA’s website notes that people who repaid Canada Emergency Response Benefits before December 31, 2020 should not have to pay tax on those repaid amounts on 2020 tax returns.
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Original Article Source Credits: Advisor's Edge, https://www.advisor.ca
Article Written By: Canadian Press
Original Article Posted on: March 2, 2021
Link to Original Article: https://www.advisor.ca/news/economic/cra-says-rare-error-in-some-tax-slips-lists-repaid-cerb-as-taxable
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