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How CRB is taxed

After the CRA withholds a 10% tax at source, the actual payment you get is $900 per 2-week period for up to 21 periods.

If you have already applied for 21 periods, or are applying for your first CRB period on or after period 22 (July 18 to 31, 2021), you may receive $600 ($540 after taxes withheld) for a 2-week period. New

How CRA calculate your payment

Original amount

  • $1,000 (CRB gross amount)
  • minus  $100 (10% tax withheld at source)
  • equals$900 (amount you receive per period)
Reduced amount New
  • $600 (CRB gross amount)
  • minus  $60 (10% tax withheld at source)
  • equals$540 (amount you receive per period)

Expect an adjustment at tax time

The 10% tax may not be all the tax you need to pay. You may need to pay more (or less) depending on your personal tax situation.

What to do at tax time

If you earn over $38,000

If you earn more than $38,000 net income in the calendar year, you will need to reimburse some or all of the benefit at tax time.

You will have to reimburse $0.50 of the CRB for every dollar of net income you earned above $38,000 on your income tax return. You will not have to reimburse more than you received that year.

Net income includes

Net income includes all amounts that are normally considered part of net income for income tax purposes. This includes line 23600 of your tax return (excluding the CRB amounts) with some adjustments for split income and certain repaid amounts. Net income includes any CERB, CRCB and CRSB payments you received.

Determine if you may need to reimburse the CRB at tax time, click here.

What to do at tax time

The CRA will provide you with a T4A tax information slip at tax time for the CRA-administered COVID-19 benefit amounts you received in 2020. Your T4A slip will also be available in CRA My Account.

You must report the CRB payments that you receive as income when you file your personal income tax return.

Verify your tax slips

All COVID-19 benefits that you received from the CRA in 2020 will be shown on one T4A slip, or on your RL-1 if you live in Quebec.

If you applied for multiple benefits or made repayments, verify that the amounts on your T4A slip are correct before you report them in your tax return.

Verify COVID-19 amounts on your T4A

Provincial or territorial COVID-19 financial assistance payments will be on separate T4A slips.

Report T4A amounts on your tax return

If you received a T4A slip, your CRB amount is shown in box 202. Other COVID-19 benefit amounts are in boxes 197 to 204:

Find your T4A COVID-19 benefit box numbers

Add up each COVID-19 benefit payment amount you received from your T4A slip and enter the total amount on line 13000 of your tax return.

In the space to the left of line 13000, specify the type of income you’re reporting. If you’re filing a paper return and received more than one benefit, attach a list of all the benefits you received.

Report the income tax deducted at source

If you received the CRB, CRCB or CRSB, the CRA withheld a 10% tax at source on each payment. Enter the income tax deducted from box 022 on line 43700 on your 2020 tax return.

For Quebec residents, the 10% tax withheld at source is split:

source: https://www.canada.ca/en/revenue-agency/services/benefits/recovery-benefit/crb-impact-taxes.html

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