Social Benefits Repayment

[Stebil45]

What is the Social Benefit repayment that is on my Net Income?

[EdithT]

Hello @Stebil45 

You may have Social Benefits Repayment according to your income.  Social benefits repayments are for Employment Insurance or Old Age Security received.  If your income exceeds a threshold you need to repay amounts received. 

Please check this CRA link for more information

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

Thank you

Enter the amount from line 23500 of your federal income tax return for 2022