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CERB/CRB Tax Info Centre

SOLVEDby TurboTax9Updated 3 weeks ago

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Since 2020, COVID-19 has impacted our lives in immeasurable ways, and as the pandemic continues to evolve, so does the government's response to it. Many Canadians have received support from the provincial or federal government through programs and incentives, and are now wondering how this support may impact their tax filing experience in 2022.

We've put together a comprehensive guide to help you navigate all the ins and outs of how recipients of the Canadian Emergency Response Benefit (CERB) and Canadian Recovery Benefit (CRB) may see changes to their tax filing experience.

Can I still apply for the CERB or CRB?

You can no longer apply for either of these benefits.

Retroactive applications closed for the CERB on December 2, 2020, and for the CRB on December 23, 2021.

Are these benefits taxable?

CERB amounts are taxable income, which means you should have gotten a T4A or T4E slip with the amounts you received in 2020. You must report these amounts as income when filing your personal income tax return.

Unlike its predecessor CERB, CRB amounts are taxed at the source before you receive payment. This means you likely won't have to pay additional taxes on these amounts, though you may still need to claim these amounts as income under certain circumstances.

How do I enter these amounts into TurboTax?

Since the CERB is taxable, you should have gotten an information slip from the CRA indicating the total amounts of CERB payments you received in 2020.

These payments should be entered as income on your tax return in the same way you'd enter a T4A or T4E.

The 10% tax withheld at source may not be all the tax you need to pay. When you complete your personal income tax return, you may need to pay more (or less), depending on how much income you earned. You must report the CRB payments that you receive as income when you file your return.

The CRA will provide you with a T4A tax information slip at tax time for the amount you received in CRB benefits. You should enter these amounts into TurboTax in the same way you'd enter any other T4A income.

Do I need to repay these benefits?

If you repay your COVID-19 benefits by the end of 2022, you're able to choose the year in which you'd like to deduct the repayment amount. You may claim the deduction on either:

  • Your return for the year you received the benefit, or
  • Your return for the year you made the repayment

Alternatively, you can split the deduction between those two returns if the total deduction isn't more than your total repayment amount.

You should receive a slip reporting repaid amounts for EI (T4E) as well as CERB, CRB, CRCB, and CRSB benefits (T4A). These amounts can be imported through Auto-fill my return or entered manually in the Income section of TurboTax.

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