Repayments: CANADA EMERGENCY RESPONSE BENEFIT (CERB)

Self-employed individuals whose net self-employment
income was less than $5,000 will not be required to repay
CERB, as long as their gross self-employment income was
at least $5,000 (in 2019 or the previous 12 months preceding the application) and they met all other eligibility criteria.
On May 12, 2021, a remission
order that would allow this relief
was released. For the debt to be
remitted, individuals will need to
file their 2019 and 2020 tax
returns before December 31,
2022. The explanatory notes also
indicated that CRA estimates
approximately 30,000
individuals will benefit from this
remission order.
Individuals who have already repaid CERB due to their net
income being less than $5,000 (but meeting all other eligibility
criteria) will need to apply by completing Form T180 to get
reimbursed for their repayment. Eligible applicants can
expect reimbursements within about 90 days of submitting
their applications. It is estimated that approximately 6,500
individuals could receive this type of reimbursement. CRA has
also noted that, if a taxpayer is reimbursed for their CERB
payment repaid in 2020, CRA may reassess their 2020 tax
return.

If you repaid CERB for the above reasons,
make sure to apply to have the amount reimbursed.

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