With this being the second year of the pandemic in Canada Crowe
MacKay's trusted advisors share an update on the repayment of
CERB advances and reporting COVID-19 assistance programs on your
T4A tax slips.
Repayment of CERB advances from Service Canada
Many Canadians who applied for the Canada Emergency Response
Benefit (CERB) through Service Canada before June 14, 2020,
received an advance payment of $2,000. Those who applied on or
after June 14, 2020, did not receive an advance payment of
$2,000.
To reconcile this advance payment, Employment and Social
Development Canada (ESDC) applied it against other payment periods
in June, July, and August of 2020. However, if recipients of the
advance payment were not entitled to or did not collect CERB
payments for at least 20 weeks, some or all of the advance payment
remains as an outstanding balance owing.
