Is the covid 19 extra payment taxable and how do we show it on the tax form?

[reshaque]

Thanks for your question. Some of the Covid 19 benefits are taxable. Depending on what benefits you received, you should receive a T4A slip and the amount should be present in a box in T4A. You will enter the corresponding amount in the T4A form in your TurboTax software. Please click here for more information.

There were many other payments issued that are not taxable. These include:

• The one-time additional GST/HST in April 2020: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-benefits-credits-support...
• The CCB increase in May 2020: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-ccb-payment-increase.htm...
• Various Provincial payments such as the BC COVID Recovery Benefit and extra payments to Provincial Social Assistance programs.

You can also look at the following TurboTax articles:

Everything you need to know about Canada Revenue Agency’s response to COVID-19 https://turbotax.intuit.ca/tips/everything-you-need-to-know-about-canada-revenue-agencys-response-to... 

this CRA link has the different Provincial ones: https://www.canada.ca/en/department-finance/economic-response-plan.html#individuals