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CERB Debt and Overpayments: A Guide to Navigating Your 2020 Income Tax Debt

Due to the COVID-19 pandemic, 2020 was a challenging year for many Canadians, and for the millions of Canadians who received pandemic-related income support benefits from the federal government, the challenges may continue when they file their 2020 income tax returns. 

To help you navigate Canada Emergency Response Benefit (CERB) overpayments, owing taxes due to benefits received and how to pay back your income tax debt, check out our guide.  

CERB Overpayments and Penalties: What We Know So Far 

If you were mistakenly given the Canada Emergency Response Benefit (CERB) or were later found to be ineligible, you may receive notice of a CERB overpayment requiring you to repay some or all that you received.  

Learn more about CERB overpayments and penalties.  

Will I Owe Income Taxes Because of CERB? 

If you received a government income support benefit such as the Canadian Emergency Response Benefit (CERB) or the Canadian Emergency Student Benefit (CESB), you may owe income taxes for the 2020 filing year.  

Learn more about owing income taxes because of the CERB.  

What to Expect when Filing Your 2020 Income Taxes as a Recipient of the Canadian Government’s COVID-19 Income Support Benefits. 

If you received the CERB or another government income support benefit, that income must be reported for the 2020 tax year.  

Learn more about filing your 2020 income taxes as a recipient of the CERB.  

Understanding the CRA’s Targeted Interest Relief Program for CERB Recipients. 

The Canada Revenue Agency (CRA) announced it is offering targeted interest relief for the 2020 income tax year to Canadians who received COVID-related income support benefits.  

Learn if you qualify for targeted interest relief. 

Could I Have a Canada Response Benefit (CRB) overpayment? 

If you received the Canada Response Benefit (CRB), you may be subject to an overpayment or taxes owed due to a clawback put in place by the Canada Revenue Agency (CRA).  

Learn more about why you may owe income taxes because of the CRB.  

What options do I have for paying back CERB income tax debt? 

If you owe money to the Canada Revenue Agency (CRA) but are unable to pay your debt, there are both informal and formal debt relief options you can consider. 

Learn more about your relief options for income tax debt. 

Relief begins with a solutions-focused, free consultation.

Set up a confidential, free, no-obligation chat with a Grant Thornton debt professional near you to discuss your financial situation. Based on your unique situation, they will explain—in everyday language—what your debt solution options are.

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