The Canada Emergency Response Benefit (CERB) has been a lifeline to millions of Canadians as they navigated the turbulence of the COVID-19 pandemic.
CERB was introduced to provide financial support to both employed and self-employed Canadians whose income was directly affected by COVID-19. Eligible applicants for CERB could receive $2000 for every qualifying 4-week period ($500 per week) between March 15 and September 26, 2020.
With tax season on the horizon, now is an excellent time to take stock of how these benefits will affect your taxes if you haven't already!