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So, during lockdown 2020, I was off for 14 weeks and then, when lockdown lifted for my profession, I worked a reduced work week for an additional 3 weeks or so.
I received CERB during that time.
I just received a letter from CRA that I was overpaid $1000.00 at the start of all this. I did some calculations and I did receive the equivalent of 17 weeks of $500.00, so yes I will concede to the overpayment.
The thing is...I've already filed and paid income taxes on my employment income for 2020 (that includes the $1000 overpayment). I did receive a refund after filing, but if I redo the calculations on a reduced income of $1000.00, the money that I now have to pay back to CRA, my refund for 2020 should be higher by about $100. I'll admit, I don't completely know what I'm doing when it comes to taxes but it still doesn't make sense that my refund would be the same if my income should have been lower.
Has anyone else received CERB in 2020, and have you gotten notification of overpayment?
And also....am I right that if I paid income taxes on this $1000 that this overpayment should also include adjustments for the taxes I already paid on it?....I'll pay the money back to them...but I should also get my increased refund.....right?
Sorry if my explanation is confusing.....but I'm also a tad confused. LOL!
I received CERB during that time.
I just received a letter from CRA that I was overpaid $1000.00 at the start of all this. I did some calculations and I did receive the equivalent of 17 weeks of $500.00, so yes I will concede to the overpayment.
The thing is...I've already filed and paid income taxes on my employment income for 2020 (that includes the $1000 overpayment). I did receive a refund after filing, but if I redo the calculations on a reduced income of $1000.00, the money that I now have to pay back to CRA, my refund for 2020 should be higher by about $100. I'll admit, I don't completely know what I'm doing when it comes to taxes but it still doesn't make sense that my refund would be the same if my income should have been lower.
Has anyone else received CERB in 2020, and have you gotten notification of overpayment?
And also....am I right that if I paid income taxes on this $1000 that this overpayment should also include adjustments for the taxes I already paid on it?....I'll pay the money back to them...but I should also get my increased refund.....right?
Sorry if my explanation is confusing.....but I'm also a tad confused. LOL!