I received CRB benefit payments for May to Sep 2021 periods when I was jobless during this period due to COVID. However, CRA did not process the application till Aug 2022 and payments were released in Aug 2022. Since these payments are income tested i.e. to return 0.5 dollar for each dollar earned above 38000, these should be reported for the 2021 year when the income testing criteria should apply. However, CRA issued T4A for tax year 2022 since payments were released in 2022. Since I was earning in 2022, reporting CRB payments on 2022 tax return will result in repayment of all CRB benefits since I had income well above 38000 in 2022. To my understanding, CRB for periods in 2021 should be reported on 2021 tax return by amending the return and not on 2022 tax return.
I called CRA 3 times and strangely the agents were not able to answer. One called it benefit and one income but unable to answer which year these should be reported. They put me on hold 3 times for checking and disconnected my 1 hour long call 3 times.
So should 2021 CRB period payment made in 2022 be reported in 2021 return by amending 2021 tax return or be reported on 2022 income tax return. Any help is appreciated.
Since the payments were released in 2022, that is why they gave you a T4A for 2022. Yes, you will need to claim it the year it was received.
Thank you for choosing TurboTax.
Adekoks
Level 2
kalshahzad1
New Member
joem92
New Member
Butterffly
New Member
Vandelai8598
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.