CRA Updates Jason Smith CRA Updates Jason Smith

COVID-19 benefits – The Canada Revenue Agency is moving to the next phase of debt recovery

The Canada Revenue Agency (CRA) is responsible for collecting individual overpayments for all COVID-19 benefit programs, such as the Canada Emergency Response Benefit (CERB), the Canada Recovery Benefit (CRB) and the Canada Worker Lockdown Benefit (CWLB).

Starting in July 2024, for individuals who have not responded or co-operated, and who have been determined to have the financial capacity to pay, legal warnings will be issued and legal measures could be taken to recover monies owed. Legal measures are only taken when there is no cooperation from an individual with ability to repay the debt.

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CRA Updates Jason Smith CRA Updates Jason Smith

Received a T4A slip from the CRA? Here’s what you need to know

Did you receive COVID-19 benefit payments from the Canada Revenue Agency (CRA) in 2022? If you did, you should receive a T4A Statement of Pension, Retirement, Annuity, and Other Income slip. These payments are taxable, and you need the information on your T4A slip when filing your income tax and benefit return.

If you receive correspondence from the CRA, you should open it and take the actions requested. If you have questions about the correspondence you receive, you should call the telephone number given in the letter. Additional information is available on the Benefits being reviewed? Here’s what you need to know page.

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CRA Updates Jason Smith CRA Updates Jason Smith

Temporary expansion to the eligibility for the Local Lockdown Program (periods 24 & 25)

Over the course of the COVID-19 pandemic, the Government of Canada has remained committed to ensuring that Canadian businesses are supported financially as our economy recovers.

On December 22, 2021, the government announced a temporary expansion to the eligibility for the Local Lockdown Program to ensure Canadians are protected and businesses continue to receive the support they need as public health restrictions continue to be in place across the country.

These temporary changes will only be in effect from December 19, 2021, to February 12, 2022 (Periods 24 and 25). The application portals for Period 24 of the business subsidy programs open on February 7, 2022, at 6:00 am EST.

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CRA Updates Jason Smith CRA Updates Jason Smith

The Government of Canada launches applications for the expanded Canada Worker Lockdown Benefit

On December 22, 2021, the Government of Canada announced that it would be expanding eligibility for the Canada Worker Lockdown Benefit (CWLB) to better support Canadian workers. Today, the Honourable Diane Lebouthillier, Minister of National Revenue, announced that the expanded access to CWLB is now in effect and Canadians in designated regions affected by lockdowns or qualifying capacity restrictions can apply for the benefit.

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