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H
HB45
Level 1
February 24, 2021
Question

CRB social benefit repayment

  • February 24, 2021
  • 1 reply
  • 2 views

The Turbo Tax program is calculating that the CRB payments I received in 2020 have to be repaid 100 % because my net income is greater than $ 38,000 I thought I only had to repay 50%.

This topic has been closed for replies.

1 reply

F
forjack
Level 2
February 24, 2021

If you received the CRB and if you made more than $38,000 (excluding CRB payments), you will have to reimburse $0.50 of the CRB for every dollar of net income you earned above $38,000. So indeed, the repayment may equal to the whole amount of the CRB payments received. 

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