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If you’ve found new ways to earn money during the COVID-19 pandemic, you may be wondering “do I need to pay taxes on my side hustle?”

Narcity chatted to Gerry Vittoratos, a national tax specialist at UFile, to find out when a side hustle becomes taxable and how much you might need to return.

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Ahead of tax time, the Canada Revenue Agency (CRA) is reminding Canadians that all of the government’s COVID-19 benefits are taxable.

This includes the Canada Emergency Response Benefit (CERB), as well as benefits that had tax withheld at source, like the Canada Recovery Benefit (CRB).

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If you’ve been wondering whether Canada’s COVID-19 benefits are taxable, the Canada Revenue Agency (CRA) has got answers.

In a new statement, the federal agency confirmed that all of the government’s COVID-19 benefits are taxable, including the Canada Emergency Response Benefit (CERB).

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If you claimed the Canada Emergency Response Benefit (CERB) earlier this year, you may need to start saving for tax time. That’s the message coming from some experts this week, as they remind Canadians that CERB payments are taxable. 

It’s almost December, which means the new year is almost on the horizon.

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