[CERB Update] $2000 Payback for 220,000 People | CRA and Service Canada Mistake Forces CERB Debt

At this point, everybody remembers the first benefit that the government revealed for the health crisis, the Canadian Emergency Response Benefit, or the CERB.

But, the CRA and Service Canada seem to have made a mistake, and allowed hundreds of thousands of Canadians to apply for this benefit twice for the same period.

As a result, you may need to pay back $2000 to the CRA to account for this CERB double payment.

---
Become a FREE subscriber: https://bit.ly/3jcltCp

Instagram: https://www.instagram.com/askrussell/

For business or one-on-one investing/real estate agent consulting inquiries, you can reach me at: russell@askrussell.ca

(Since people have asked)
Microphone: https://amzn.to/36weYHT
Web Camera: https://amzn.to/3nkkymU
Audio Interface: https://amzn.to/3nKt5Qj
Studio Lights: https://amzn.to/34Qa7z4
---

In this video, we do a deep dive on the letter that Canadians are receiving claiming they owe $2000 to the CRA, it isn't a scam!

The CERB was issued in mid march, so you'll have to check if you received this money twice for one period.

Luckily, the repayment is relatively painless, but it may be difficult to pay back this money if you've already spent it.

We talk about how to set up a repayment plan, and how to pay back this money in multiple different ways.

*BENEFIT SUMMARY*

Who qualifies for CRB?:
CRB is for people who are unemployed due to COVID, or have lost 50% + of their income.

How much do I get from the CRB?:
The Canada Recovery Benefit is $900/ two weeks for up to 26 weeks over the next year.

When can I apply for the CRB?:
Now available

Who Qualifies for CSRB:
CSRB is for people who need to take time off to isolate due to COVID related symptoms

How much do I get from the CSRB?:
Canada Sickness Recovery Benefit is $450/ week anytime in the next year.

When can I apply for the CSRB?:
Now available

Who qualifies for CCRB?:
CCRB is for people who have a child or family member that need their care, and as a result, they are unable to work.

How much do I get from the CCRB?:
Canada Caregiver Recovery Benefit is $450/week for up to 26 weeks over the next year.

When can I apply for the CCRB?:
Now available

End Music Credit: www.bensound.com

DISCLAIMER: This video is intended to be used for entertainment purposes only, and is not to be interpreted as advice, financial or otherwise. Any decision made by an individual about their finances or benefit applications is entirely at the discretion of that individual. Russell Matthews does not warrant or represent that any information is accurate. This description contains affiliate links, and if you purchase an item, a portion of the sale will go towards supporting the channel, at no additio

Видео [CERB Update] $2000 Payback for 220,000 People | CRA and Service Canada Mistake Forces CERB Debt канала Russell Matthews