Personal Income Tax - Covid-19 Benefit Recipients - Individual Interest Relief

The CRA announced in a February 9, 2021 news release that there will be a one-year waiver of interest on taxes payable for the 2020 tax year for individuals who meet the following conditions:

• have total taxable income of $75,000 or less in 2020

• have received at least one Covid-19 support benefit in 2020:

  • Canada Emergency Response Benefit (CERB)

  • Canada Emergency Student Benefit (CESB)

  • Canada Recovery Benefit (CRB)

  • Canada Recovery Caregiving Benefit (CRCB)

  • Canada Recovery Sickness Benefit (CRSB)

  • Employment Insurance (EI) benefits

  • Provincial or territorial emergency benefits

For more information please visit: Interest Relief