Did you receive CERB? Experts say plan now for tax time

Author: External Author | | Categories: Accounting , Cloud-Based Accounting , Corporate Taxation , Financial Expert , Management Report , Payroll Management Services , Personal Taxation

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The Canada Emergency Response Benefit was a financial lifeline for many when COVID-19 forced businesses to shutter and brought the economy to a screeching halt in the spring.

And while the $500-a-week cheques helped millions of Canadians to continue paying their bills and buying groceries, many likely didn’t give much thought to how the benefit would affect their taxes.

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Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:   Craig Wong

Original Article Posted on:  November 26, 2020

Link to Original Article:  https://globalnews.ca/news/7486118/coronavirus-cerb-canada-tax-return



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