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Self-employed and facing CERB repayments? There may be a simple fix, tax experts say
Did you receive CERB? Experts say plan now for tax time Canada’s tax agency has said it’s been contacting CERB recipients for whom it can’t confirm employment or self-employment income of at least $5,000 in 2019 or in the 12 months prior to applying, which was one of the eligibility requirements for the benefit.The letters say that, for self-employed Canadians, the qualifying income had to be “net pre-tax income,” which means gross income minus expenses, according to the CRA.Some self-employed Canadians who applied for CERB based on their income before claiming expenses and have less than $5,000 in net income now say they worry they’ll have to repay up to $14,000 worth of benefits, according to numerous social media posts and news