The CRB has ended. Here’s how it may impact Canadians’ taxes

By  External Author |   | Posted in " Personal tax return services, Tax consultant, Tax return preparation services "

The Canada Recovery Benefit, which replaced the Canada Emergency Response Benefit (CERB) for self-employed Canadians, has ended. But for the hundreds of thousands of people who received the benefit in 2021, the tax consequences of the federal income support programs will spill into 2022.

Finance Minister Chrystia Freeland announced Oct. 21 that Ottawa would wind down the CRB, along with Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS), as of Oct. 23.

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Original Article Source Credits:   Global News , https://globalnews.ca/

Article Written By:   Erica Alini 

Original Article Posted on:  October 26, 2021 

Link to Original Article:  https://globalnews.ca/news/8322709/crb-end-date-2021-taxes-clawback/