Is CERB Taxable? Here's What You Need to Know

Author: External Author | | Categories: Tax Accountant , Tax Services

Well, it’s tax season again and many Canadians are discovering that there’s yet another reason to hate COVID-19: making our taxes more complicated this year.

While the government came up with a bunch of coronavirus-related financial relief programs—for which many of us are certainly grateful—the benefits have made doing taxes more taxing than ever. Out of all the various financial relief benefits, certainly one of the most popular was the Canadian Emergency Response Benefit. It’s no wonder then that many people are scrambling to figure out what CERB means for their taxes this year. To help ease your minds (and possibly your bank account) we’ve compiled everything you need to know about the major question on many Canadian’s minds this tax period.

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Original Article Source Credits:   Greedyrates ,

Article Written By:  Sandra MacGregor

Original Article Posted on:  March 26, 2021

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