Error in reporting.
2020 tax return. Imported info from CRA.
Only had income from CERB/CRB.
No other income or deductions needed to add.
The final report shows 20000 income and 600 deduction the gov holds back.
Yet the message says I made over 38000 plus I need to pay back 6000.
Your total income
Subtract deductions and expenses from your total income
Your taxable income
Subtract payments and credits from taxes
Annual estimated GST/HST Credit:
(Click here for payment schedule)
You may notice that your tax refund or tax owing has decreased or increased compared to previous years. This may be due to the Canada Recovery Benefit repayment that was calculated as part of your return. You’re required to repay this COVID-19 benefit since you earned more than $38,000.
For Andrey, the Canada Recovery Benefit repayment is: $6,000.00