Canadians who received pandemic benefits will have up to a year to pay back any debt from those benefits without interest, CBC News has confirmed. The interest relief will apply to Canadians who made up to $75,000 in taxable income in 2020 and received one of the federal government's five pandemic relief benefits or employment insurance benefits. Those pandemic benefits are the Canada Canada Emergency Response Benefit (CERB), the Canada Recovery Benefit (CRB) that replaced it, the Canada Emergency Student Benefit (CESB), the Canada Recovery Caregiving Benefit (CRCB) and the Canada Recovery Sickness Benefit (CRSB). The interest relief will be applied automatically to anyone who meets the criteria, according to a government source not authorized to speak publicly. No debt clawbacks on benefitsThose who are eligible for the interest relief will also get one more break.

Source: CBC News February 08, 2021 23:19 UTC