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posted Mar 23, 2023 12:02:09 PM

Cerb repayment on tax return

So I put in all the information I have. There isn't a lot. I have 1 t4, 2 RRSP slips and that is it. Now when I got to enter the amount I repayed for Cerb from my T4E (dated on CRA website as 2022), I put in 425 in "Amount from T4E Box 30 already deducted in 2021" and I get an error saying

 

Amounts deducted in 2020 and 2021 can’t be more than total benefits repaid. Review your entries.

 

The photo shows the error. I can't figure out where I am supposed to put this. I just want to apply the 425 paid to my 2022 return.

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1 Replies
Level 2
Mar 29, 2023 7:42:26 AM

Follow these steps to correct this situation:

 

Part I

Step 1) Go to 🔎 Find and type: T4E and click Go

Step 2) Click Enter a New T4E

Step 3) Enter the amount 425 in box 30

Step 4) Answer the question: Did you repay 

Covid-19 financial assistance in 2022? Answer Yes

Step 5)  Insert the amount in the box : 

Step 6) Click Done with T4E

 

Part II)

 

Step 1)  Go to the Menu and Click Deductions Payments Profile Repayments of Covid-19 benefits

Step 2) Leave the box " Amount from T4E Box 30 already deducted in 2021" blank

Step 3) Click Continue

 

You can check that the deduction was applied in your Tax Summary

 

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