Category: Uncategorized

Your CERB money is taxable.

I have been asked about this a lot. Since a family member posted this before I could write about it, see the attached link on how CERB will be handled come tax time in 2021. https://globalnews.ca/news/6831951/cerb-taxable/?fbclid=IwAR3n4pxv2vN_CA5zGE-yuuPng5cFZX4JnO4bBWi39_3DNtX3GZY8X-hDDPQ

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CRA direct deposit

For anyone not currently set up with CRA for direct deposit, I recommend doing so ASAP, especially if you are expecting Canada Emergency Response Benefit payments. Get them in your hands sooner. This can be done in your CRA account https://www.canada.ca/en/revenue-agency/services/e-services/e-services-individuals/account-individuals.html or within online banking of most major banks.

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