top of page
416-289-2000
Writer's pictureBarosaTax

Covid 19-2021 Benefits And Taxes

If you received COVID-19 benefits in 2021, these are considered taxable income. This means you will need to enter the total amount you received on your 2021 income tax and benefit return. A T4A tax slip will be mailed to you by the end of February 2022, and residents of Quebec will receive a T4A slip and an RL-1 slip.


The Government of Canada temporary COVID-19 income support benefits are:

  • Canada Recovery Benefit (CRB)

  • Canada Recovery Sickness Benefit (CRSB)

  • Canada Recovery Caregiving Benefit (CRCB)

If you received the CRB, CRSB, or CRCB, the Government of Canada withheld 10% tax. For Quebec residents who received the CRB, CRSB, and CRCB, 5% of the tax withheld will be reported on the T4A slip and the other 5% will be reported on the RL-1 slip.

You may have also received similar relief payments provided by your provincial or territorial government. You will need to enter the total amount you received on your 2021 income tax and benefit return.

0 views0 comments

Recent Posts

See All

Comments


bottom of page