CRA’s COVID Benefits: How to Save Your Stimulus Money From the CRA Clawback

Author: External Author | | Categories: Accounting , Business Advisory

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The Canada Revenue Agency (CRA) has been pretty generous this pandemic giving $2,000/month in COVID-19 benefits. Some of the popular benefits are the Canada Recovery Benefit (CRB) and the Canada Emergency Response Benefit (CERB). The CRA extended both these benefits as the pandemic situation did not ease. Did you know that if you max out on these two benefits, you can get up to $31,100 over 16.5 months? But don’t get used to this money as the CRA can claw them back.

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Original Article Source Credits:   Yahoo Finance , https://ca.finance.yahoo.com/

Article Written By:  Puja Tayal

Original Article Posted on:  April 5, 2021

Link to Original Article:  https://ca.finance.yahoo.com/news/cra-covid-benefits-save-stimulus-120144392.html



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