CRA tax tips for the self-employed
The agency discussed the impact of Covid benefits on tax returns. 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 Ben
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Original Article Source Credits: Advisor's Edge, https://www.advisor.caArticle 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