Article contentMost Canadians who received Employment Insurance or one of the federal government’s many COVID-19 financial aid benefits last year will have one full year to repay any 2020 tax debts interest-free, National Post has learned. The Trudeau government is set to announce the new relief measures Tuesday, sources confirmed to National Post. The sources were granted anonymity because they were not authorized to discuss this matter publicly. Try refreshing your browser, or Most COVID-19 aid program recipients will have one year to pay 2020 tax debts: sources Back to videoTo be eligible for the interest relief, individuals must have made a maximum of $75,000 in taxable income in 2020 and received one or more of the government’s five COVID-19 financial aid measures (or any equivalent provincial emergency benefit). Those are the Canada Emergency Response Benefit (CERB), the Canada Emergency Student Benefit (CESB), the Canada Recovery Benefit (CRB), the Canada Recovery Caregiving Benefit (CRCB) and the Canada Recovery Sickness Benefit (CRSB).

Source: National Post February 08, 2021 21:24 UTC