2 CRA Tax Credits That Can Make Your 2020 COVID-19 Benefits Tax Free

The year 2020 was full of ups and downs. People were bound to their homes to avoid getting infected. The Canada Revenue Agency (CRA) offered several taxable cash benefits to deal with the COVID-19 pandemic. These benefits include the 2,000/month Canada Emergency Response Benefit (CERB) and the Canada Recovery Benefit (CRB). They increased the taxable income for many Canadians.

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Original Article Source Credits: The Motley Fool, https://www.fool.ca

Article Written By: Puja Tayal

Original Article Posted on: March 31, 2021

Link to Original Article: https://www.fool.ca/2021/03/31/2-cra-tax-credits-that-can-make-your-2020-covid-19-benefits-tax-free