Toronto-based tax lawyer and tax expert David Rotfleisch shared his insights about Canada Emergency Response Benefits (CERB) repayments in a news report published by GlobalNews.ca.
“Toronto tax lawyer David Rotfleisch says some self-employed CERB recipients who worry about having to repay the government may be able to amend their 2019 tax return, reducing the expenses they claimed so that their net income rises above the $5,000 eligibility threshold.” — GlobalNews.ca, “CERB repayments: What are taxpayers supposed to do when even tax pros aren’t sure?”
Read the report here.
"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."