CRA tax tips for the self-employed

Author: External Author | | Categories: Corporate Tax Returns

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In a release on Wednesday, the Canada Revenue Agency (CRA) offered tax tips for the self-employed who received Covid-19 benefits.

First up was a reminder that Covid-19 benefits are taxable income, including the:

  • Canada Emergency Response Benefit (CERB),
  • Canada Emergency Student Benefit (CESB),
  • Canada Recovery Benefit (CRB),
  • Canada Recovery Sickness Benefit (CRSB), and
  • Canada Recovery Caregiving Benefit (CRCB).

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Original Article Source Credits:   Advisor's Edge , https://www.advisor.ca/

Article Written By:  Staff

Original Article Posted on:  April 7, 2021

Link to Original Article:  https://www.advisor.ca/tax/tax-news/cra-tax-tips-for-the-self-employed/

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