The Canada Revenue Agency began sending out T4a slips today to Canadians who have received COVID-19 benefits, reminding them that the money is taxable income and must be recorded on their tax returns.
The department said the T4as are being issued as statements of income and not necessarily as statements of money owed. As with the T4 statements employers provide to employees in advance of tax season, the T4a statement details how much taxable income someone received directly from the federal government in the form of a COVID-19 benefit. Residents of Quebec will get both T4a and RL-1 slips.
The T4a forms list how much money a person received from one or more of the following benefits: the Canada Emergency Response Benefit (CERB), the Canada Emergency Student Benefit (CESB), the Canada Recovery Benefit (CRB), the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiving Benefit (CRCB).
Those who received money through one of the benefit programs need to enter the total amount they received last year on line 13000 of their 2020 income tax and benefit return. For those registered for My Account and filing with NETFILE-certified software, this information will be entered automatically into tax returns.
