Source: Anita Balakrishnan, The Canadian Press Staff, ctvnews.ca, March 03, 2021 Taxpayers should call 1-800-959-8281 to fix incorrect tax slips. OTTAWA — 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 after returning… Continue reading Error in Some Tax Slips Lists Repaid CERB as Taxable Income
Tag: CERB
Some Recipients Asked to Pay All CERB Back
Source: Graham Slaughter,ctvnews.ca, December 06, 2020 The Canada Revenue Agency defines self-employed income as “net” self-employment income of at least $5,000. TORONTO — Some Canadians who applied for the Canada Emergency Response Benefit (CERB) are being asked to repay the entire sum by Dec. 31 because of one word that was never mentioned in the… Continue reading Some Recipients Asked to Pay All CERB Back
Social Services Support on Hold, Some CERB Recipients See Closed Files
Source: Daniella Ponticelli, globalsnews.ca, November 16, 2020 It’s not confirmed how many files are closed strictly due to CERB overlap, because there’s a number of reasons files can be placed on hold. The Saskatchewan Ministry of Social Services says some clients had income assistance withheld, and files potentially lapse, if they have accessed the Canadian… Continue reading Social Services Support on Hold, Some CERB Recipients See Closed Files
Canada’s GDP Dropped 38.7% Between April and June
Source: Staff The Canadian Press, globalnews.ca, August 28, 2020 Preliminary estimates for July indicate a three-per-cent increase in real GDP. Statistics Canada says the economy posted its steepest decline on record in the second quarter as the novel coronavirus pandemic forced the closure of non-essential businesses and slowed the economy to a crawl. The agency says… Continue reading Canada’s GDP Dropped 38.7% Between April and June
Feds Unveil $37B CERB Transition Plan
Source: Rachel Aiello, ctvnews.ca, August 21, 2020 There are still millions of unemployed Canadians, particularly in harder-hit industries. OTTAWA — The federal government is extending the Canada Emergency Response Benefit (CERB) into September, before transitioning the millions of people who are still claiming CERB onto a revamped Employment Insurance program starting Sept. 27. The new… Continue reading Feds Unveil $37B CERB Transition Plan
How Will the Pandemic Affect Your Retirement
A few short months ago, a global pandemic was seen by many as a theoretical risk. Today it is causing disruptions in economies and stock markets around the world. While the potential for a global pandemic has always existed, the necessary lockdowns to protect public health and the resulting economic impact of COVID-19 is not… Continue reading How Will the Pandemic Affect Your Retirement
How and When the COVID-19 Aid May Wrap Up
Source: Hannah Jackson, globalnews.ca, June 17 2020 The “most likely” option means recipients would see a slow decrease in their CERB amounts over several months, or even a year’s time. A day after the federal government announced an eight-week extension, questions are being raised about how and when the federal government will end the Canada… Continue reading How and When the COVID-19 Aid May Wrap Up
What Happens When Canadians Max out Their CERB?
Source: Beatrice Britneff, globalnews.ca, June 10, 2020 Policy analysts and experts are examining what will happen next and making recommendations about what the federal government can do once people’s CERB runs out but they are still unemployed due to COVID-19. Questions are mounting about how the federal government will continue to support Canadian workers who… Continue reading What Happens When Canadians Max out Their CERB?
Ottawa is saying your CERB money is taxable
Source: Erica Alini, April 18, globalnews.ca Ottawa has said the money is taxable, and it will largely depend on how much income you’ll have for 2020 as a whole. Six million Canadians have applied for the Canada Emergency Response Benefit (CERB) amid the novel coronavirus pandemic. The federal income support program provides $2,000 every four weeks… Continue reading Ottawa is saying your CERB money is taxable
Trudeau to address Canadians as millions apply for CERB
Source: Hannah Jackson, globalnews.ca, April 7, 2020 So not to overwhelm the system, people with birthdays in April, May and June can apply for emergency benefits. Prime Minister Justin Trudeau is expected to offer an update on his government’s response to the novel coronavirus pandemic on Tuesday. According to his official itinerary, Trudeau will address Canadians… Continue reading Trudeau to address Canadians as millions apply for CERB