Canada Revenue Agency Warning: Some Canadians May Have to Repay CERB Amounts

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The Canada Revenue Agency (CRA) recently noted its intention to warn approximately 213,000 Canadians that were inadvertently paid twice during the CERB (Canada Emergency Response Benefit) program that they’ll need to pay the amount back. Those who’ve received overpayments should set the amount aside before the CRA has a chance to begin taking on the role of debt collector.

If you spent the CERB overpayment amount and are worried about getting dinged by the Canada Revenue Agency, don’t worry. There’s still time to save up the overpayment amount, as a spokesman for the CRA recently stated that warning letters to affected Canadians do not require immediate payment.

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Original Article Source Credits:    The Motley Fool , https://www.fool.ca/

Article Written By:  Joey Frenette 

Original Article Posted on:   November 25, 2020

Link to Original Article:  https://www.fool.ca/2020/11/25/canada-revenue-agency-warning-some-canadians-may-have-to-repay-cerb-amounts/

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