Toronto tax expert David Rotfleisch gave his thoughts regarding CERB (Canada Emergency Response Benefit) repayments in an article published in GlobalNews.ca. In the article, David explains that there might be a simple way in which CERB recipients can avoid repayments.
“There is no obligation for a taxpayer to claim expenses. Self-employed CERB recipients who have filed their 2019 taxes should be able to easily amend their return by filing a T1-ADJ form on which they can reduce the expenses they claimed so that their net income rises above the $5,000 eligibility threshold, Rotfleisch says.” — GlobalNews.ca, “Self-employed and facing CERB repayments? There may be a simple fix, tax experts say”
Read the article here.
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