It’s probably time to start preparing! Officials say tax time in Canada is going to get pretty complicated this year, particularly for those who claimed COVID-19 benefits.
It's going to be difficult for people and it's going to be complex or complicated for the system.
Qualtrough explained, "As people file their taxes, [we] are going to have to figure out [...] what they owe taxes on, what has already been taken taxes off for them.”
“If you claimed both the CERB and CRB, we took taxes off the CRB but we didn't for CERB — it's incredibly complicated," she admitted.
For several months, experts have been urging Canadians to get prepared ahead of April, as some people may end up owing more than they think.
Fortunately, the Canada Revenue Agency has been sharing “tax tips” to help people manage their money when it comes to that time of year.
This week, the CRA has also contacted people who claimed the government’s COVID-19 benefits, to let them know how much money they’ve received for tax purposes.