Some Canadians Got Too Much CERB Money & Now The CRA Wants It Back
If you accidentally claimed too much money, Canada Emergency Response Benefit (CERB) repayments could be just around the corner.
The Canada Revenue Agency (CRA) told Global News that they’re in the process of claiming back money from people who may have received too much cash.
The agency says they’ve identified a number of Canadians who applied for the benefit via Service Canada and the CRA, which could have led applicants to receive double the amount of payments.
Canadians can apply for the CERB through Service Canada or through the CRA, but not both.
Canada Revenue Agency
The agency explained that they are in the process of contacting anybody who may have received double payments.
They also confirmed that individuals who claimed too much would be required to pay “an amount” back to the CRA.
Those who applied in “good faith” but who were confused about eligibility will not be charged penalties or interest.
This week, an expert from CIBC also urged Canadians to get their finances in order ahead of tax time, as many of the federal government’s COVID-19 benefits are taxable.