Sign in
CRB & CRSB Payments Are Still Taxable Despite The 10% Deduction Up Front

It’s worth double-checking what you may owe come next year. CRB and CRSB payments are still taxable, despite the 10% deduction taken by the government up front.

Canada’s latest benefits are there to financially support Canadians who may be out of work or who may become ill during the COVID-19 pandemic.

While the Canada Revenue Agency (CRA) already deducts 10% of the CRB or CRSB payments that come into your account, this doesn’t necessarily mean you won’t have to pay any additional tax on the benefits.

Editor's Choice: Canada Just Reported Its Highest Ever Single-Day Jump In New COVID-19 Cases

The 10% tax withheld at source may not be all the tax you need to pay.

Canada Revenue Agency

Like the CERB, the federal government says you may need to pay back more (or less) come tax time, depending on how much income you earned.

As part of the application process for both benefits, the government explains, “You must still report CRSB payments you receive as income when you file your personal income tax return.”

To help you do this, the CRA will send you a T4A tax information form for the amount you received in COVID-19 benefits.

When it comes to the CRB, there's a possible cap on how much you can keep, too. 

If you earn more than $38,000 in the calendar year, you’ll have to repay $0.50 of the CRB for every dollar of net income you earned above that.

"This will be due at the same time as your income tax return for the year," explains the government.

*This article's cover image is for illustrative purposes only.

Stay Informed
Get Ottawa's latest and greatest stories every day straight to your inbox.

As of September 22, Ontario vaccine certificates will officially come into effect across the province. This means that residents will need to show proof of vaccination to get into multiple establishments including restaurants and gyms.

We asked you on Instagram what you wanted to know about the new certificates and have answered all your questions below.

Keep Reading Show less

A Guinness World Record has just been bestowed upon a very, very tall Canadian teen, and he truly stands head and shoulders above most of us.

Hailing from Quebec, 15-year-old Olivier Rioux clocks in at a neck-ache-inducing 7 feet, 5.33 inches tall, which has earned him a place in the 2022 edition of the Guinness World Records as the world's tallest living male teenager. That makes him taller than any of the Toronto Raptors players.

Keep Reading Show less

The details of Saskatchewan's vaccine passport are officially here after being teased just hours earlier by the province's premier.

During a press conference Thursday, September 16, Saskatchewan Premier Scott Moe announced that the province's vaccine passport is set to launch on October 1, following a rise in COVID-19 case counts and hospitalizations.

Keep Reading Show less

Alberta's Vaccine Passport Is Officially Coming But It Won't Be Used Everywhere

Businesses can decide if they want to implement it or not.

With Alberta currently under a state of emergency, the province will be introducing a vaccine passport, but there will be some exemptions.

On Wednesday, September 15, the provincial government announced the implementation of the Restrictions Exemption Program, which is Alberta's form of a vaccine passport.

Keep Reading Show less