2020 was an extraordinary year like no other. Due to the Key COVID-19 related Federal government support significant changes from the COVID-19 pandemic, there are numerous tax issues to be aware of this year. For example, many individuals received support in a variety of forms from various levels of government. Others may have changed how they carried on their employment duties or business operations, including working from home or using their vehicle for employment or business reasons. We have outlined the key issues in the checklist below. Please let us know if you have received other support or incurred other costs related to your income earning activities due to the COVID-19 pandemic.
All income, support and benefits received under COVID-19 relief programmes. Official tax slips may have been issued for some, but not all. For support where no slip is available, details surrounding the amount and types of payments is required. Some of these benefits are taxable while others are not. Please provide details on all Federal, provincial/territorial, and other support received.
|Canada Emergency Response Benefit (CERB)||Yes|
|Employment Insurance (EI) programme||Yes|
|Canada Recovery Benefit (CRB)||Yes|
|Canada Recovery Sickness Benefit (CRSB)||Yes|
|Canada Recovery Caregiving Benefit (CRCB)||Yes|
|Canada Emergency Student Benefit (CESB)||Yes|
|One-time payment - disability support||No|
|One-time payment - GST/HST credit||No|
|One-time payment - Canada child benefit||No|
|One-time payment - OAS/GIS||No|
Key COVID-19 related Federal goverment support for business, rental or other income:
|Canada Emergency Wage Sudsidy (CEWS)||Yes|
|Canada Emergency Rent Sudsidy (CERS)||Yes|
|Canada Emergency Business Account (CEBA)||Yes*|
* The Forgivable portion of the interest-free loan under CEBA is taxable.
Please provide the details.
As no slips are provided specific to these programmes, please provide the amounts received and the period to which they relate.
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