Published: December 11, 2020
Last Updated: April 5, 2021
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.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
