Paying back CERB

[max_boost]

Paying back CERB

Was having a healthy discussion today and a couple friends said the ppl should pay it back and I said they shouldn't have to.

What does Beyond think?

Basically to get it you had to make $5k. Anyone would assume that's gross but CRA a month later said it was net so something like 300-400k ppl took the money over the course of 9 months blah blah


https://www.ctvnews.ca/politics/cra-admits-unclear-cerb-communications-led-to-mistaken-applications-1.5237566

Times are tough. Could this turn into a major issue where the Libs get hammered?

[ExtraSlow]

I'm with this tax expert. CRA and the liberals fucked up with CERB.
https://financialpost.com/opinion/allan-lanthier-five-reasons-cra-should-give-up-cerb-fight-over-income

[killramos]

How many of these 400k people do you really think grossed 5k income but didn’t net 5k income last year?

The fraud runs so much deeper than this.

[The_Rural_Juror]

People should keep it only if they need it. Fucking Ocean ruined it again.

[ercchry]

How many of these 400k people do you really think grossed 5k income but didn’t net 5k income last year?

The fraud runs so much deeper than this.

The amount of gainfully employed peoples’ bank statements with CERB going into them that I see would make your head spin!

[killramos]

The amount of gainfully employed peoples’ bank statements with CERB going into them that I see would make your head spin!

Correct

[FraserB]

I’d say let someone challenge it and get a court ruling, then move ahead from there. I’d bet that more than a few of the people saying it was unclear are also the ones running plenty of dubious expenses through their companies. Or just cut the losses on the CERB money for them and audit their company and personal returns going back a few years, could probably make back the overpayments pretty quick

At the same time, find the genuine fraud cases and start setting examples. Full, immediate repayment and assessment of penalties starting from when the payments were first received sounds like a good place to start.

[ExtraSlow]

I only know one person who collected Cerb while working, but then again, he got laid off later, so, it kinda evens out? I'm not mad, he's spending it, so it ends up circulating out there in the economy no matter what his employment situation was.

I'm too simple minded to figure out how to collect that.

[ThePenIsMightier]

If you needed it and qualified, you shouldn't have to pay it back.
If you stole it, you should be forced to pay it back.
(And have your nuts tazed until we can smell burnt hair).

[ZenOps]

Man, so much grey its like an overcast foggy day in the UK.

The abuses are simple for those who weren't employed. Just move some furniture around and charge $5,000 for it, then have neighbor do the same back, or circle jerk it to avoid detection. Was it worth it to bill $5,000 to move a table or sell a painting? Grey is so grey I don't even know what blue looks like anymore.

Haven't rich white people with money been doing this with paintings and wine since the beginning?

I'm highly suspicous of some "fix" jobs this year. Could swear it was working fine, and should be working fine, but mysteriously this year it needed repair crew, of which each mysteriously got $6,000 each, from son of contractor who billed two month all the way to highly trained pro who billed one.

[gwill]

If you didn't net $5000 in income on your side business then did you really need the $20,000 in cerb that you now need to repay? It seems ludicrous that someone who didn't meet the threshold was given 4 times what they made in the last year.

Sounds like a pretty sweet deal for those who barely worked or had next to no income to rake in 20k.

[killramos]

I mean it should be easy as pie to net $5k a year ripping kids off on playstations for Christmas.

Oh wait, no way anyone is claiming that on their income taxes :rofl:

[dirtsniffer]

If you didn't net $5000 in income on your side business then did you really need the $20,000 in cerb that you now need to repay? It seems ludicrous that someone who didn't meet the threshold was given 4 times what they made in the last year.

Sounds like a pretty sweet deal for those who barely worked or had next to no income to rake in 20k.

Almost as easy as peddling consoles. You claim that on your taxes?

[danno]

I’d like to see anyone that took it pay it back over “x” amount of years. Just keeping it simple, no free money.

[Proyecto2000]

CRA and EI employees are hella clueless on who qualifies for the new EI and CRB benefits anyways.

I have spoken to 2 government employees this month and asked if I would qualify for any aid and they couldn't tell me if I qualify or not. Both employees told me to just apply, take the money and if I don't qualify than I will have to pay it back at tax time.

Not great advice and I did not want to take a "loan" from the government so I didn't bother to apply. My circumstance is that I lost my contractor position that is 20% of my yearly earnings and my full time employee position earnings have been cut in half. So realistically I have only made 40% of my normal wages.

One of my coworkers who is in the same position has been collecting the "free money" all year long and he hopes to not pay a dime back. Guess will see how he makes out.

personally I hope that everyone who did not qualify is forced to repay the money.

[pheoxs]

I think the net vs gross thing is pretty stupid. If I dropped 200k into my startup and then started getting sales, carry forward some expenses to my second year so still claim no profit / haven't paid myself a salary yet then I'd be not eligible despite the fact that cerb fucked my business and I would've been profitable and getting off the ground this year. As an example.

[gwill]

You guys are hilarious. I got out of selling consoles a long time ago thanks to some self reflection forced upon me by you wankers.

With that said the $5000 limit was such a low bar to set. If someone didn't work more then the 8 hours a week at minimum wage to hit that threshold then did they really need $20,000 in cerb?

[Team_Mclaren]

I think it was intended to assist you if your regular income disappeared because of Covid, not for you to gain more than if you're working.

[max_boost]

I don’t disagree that 5k is very low but just wondering how realistic is it for the govt to actually get this money back. How many of these are Liberal supporters and would change their votes if they are forced to pay it back etc as chances are there will be an election.

[Team_Mclaren]

I don’t disagree that 5k is very low but just wondering how realistic is it for the govt to actually get this money back. How many of these are Liberal supporters and would change their votes if they are forced to pay it back etc as chances are there will be an election.

Its the CRA chasing your money man, they always gets it back.

[killramos]

I don’t disagree that 5k is very low but just wondering how realistic is it for the govt to actually get this money back. How many of these are Liberal supporters and would change their votes if they are forced to pay it back etc as chances are there will be an election.

These are obviously ndp voters.

- - - Updated - - -


I think the net vs gross thing is pretty stupid. If I dropped 200k into my startup and then started getting sales, carry forward some expenses to my second year so still claim no profit / haven't paid myself a salary yet then I'd be not eligible despite the fact that cerb fucked my business and I would've been profitable and getting off the ground this year. As an example.

That’s not what CERB was intended for, but you are free to hit up the other half dozen far more lucrative business support programs.

[ExtraSlow]

If you own a business that paid a payroll in previous tax years, the CEWS is far more lucrative than just getting yourself CERB. Now if you are a single owner of a corporation and you spent years hiding revenue to avoid taxes, than yeah, you may not qualify.

[ercchry]

If you own a business that paid a payroll in previous tax years, the CEWS is far more lucrative than just getting yourself CERB. Now if you are a single owner of a corporation and you spent years hiding revenue to avoid taxes, than yeah, you may not qualify.

Regretting Delaware? :rofl:

[The_Rural_Juror]

I want to know how to hide revenues in Delaware.

[ExtraSlow]

You guys, that Delaware thing has nothing to do with it. That's not owned by me. I am not an officer or director or executive of that or any other business. I'm a wage slave to the large corporation that did that.

That large corporations is getting plenty of CEWS, and I get a paycheque every 2 weeks.

[tirebob]

I know of DINK couples that both make well north or 100k each and only one of them got laid off and they still collected CERB. That actually irks me more than someone who had almost no income collecting CERB. If you have 6 figures still coming through your household bank account and still feel entitled to that money it is kind of gross.

[The_Rural_Juror]

I know of DINK couples that both make well north or 100k each and only one of them got laid off and they still collected CERB. That actually irks me more than someone who had almost no income collecting CERB. If you have 6 figures still coming through your household bank account and still feel entitled to that money it is kind of gross.

I agree.

[90_Shelby]

I know of DINK couples that both make well north or 100k each and only one of them got laid off and they still collected CERB. That actually irks me more than someone who had almost no income collecting CERB. If you have 6 figures still coming through your household bank account and still feel entitled to that money it is kind of gross.

I disagree. The $100k couples have contributed significantly more to the government then the no income person. In fact, the taxes that couple have paid over the years have likely supported that low income person for years. Why would that hard worker not be entitled to government funds when they need help? (Assuming they qualified for CERB.)

You sound like someone from Ontario or Quebec, “despite how much Alberta has contributed to confederation, they don’t deserve any help from Ottawa when their economy is getting pounded.”

[The_Rural_Juror]

We're socialists in this country.


I disagree. The $100k couples have contributed significantly more to the government then the no income person. In fact, the taxes that couple have paid over the years have likely supported that low income person for years. Why would that hard worker not be entitled to government funds when they need help? (Assuming they qualified for CERB.)

You sound like someone from Ontario or Quebec, “despite how much Alberta has contributed to confederation, they don’t deserve any help from Ottawa when their economy is getting pounded.”

[killramos]

I know of DINK couples that both make well north or 100k each and only one of them got laid off and they still collected CERB. That actually irks me more than someone who had almost no income collecting CERB. If you have 6 figures still coming through your household bank account and still feel entitled to that money it is kind of gross.

Also disagree. This is exactly what CERB was for, like it or not that couple with 200k income still has bills to pay, if they are laid off and have half their income they still have those bills in all likelihood. If that CERB money means their mortgages still got paid this year, and stabilizes banking and the housing markets, that is literally the intention of the money.

Don’t worry, the other half in the couple still paid more than enough in taxes this year to offset what the household got from CERB.

CERB isn’t supposed to be welfare for the poor, it’s bridge financing for people who lost their jobs due to government actions over the pandemic.

[Xtrema]

It will cost more than $5K to get back the $5K.

Just let it be. Anyone that look sus, just tagged them for audit.

[The_Rural_Juror]

Was their mortgage at risk of default because of irresponsible budgeting?

[ExtraSlow]

UBI would solve the issue of "deserving" different shitty government programs.

[max_boost]

It will cost more than $5K to get back the $5K.

Just let it be. Anyone that look sus, just tagged them for audit.

Agreed. Plus it’s easy for the govt to write things off, right? Lol

[The_Rural_Juror]

I just googled CERB and it's 4 payments of $500. Where does the $5k benefit come from?

[tirebob]

Let me qualify by saying I think I don’t think it should have gone out at all for the vast majority of people, but it definitely should never have been about keeping up a lifestyle as much as it was to avoid collapsing an existence.

My point is it should never have gone out if it was not needed, high or low income.

*edit* - Or it should have gone out to everyone automatically if you want to be fair about it, whether it was needed or not. Having this threshold of qualification is absurd, especially when people start making an argument that those who have a higher income deserve it more. Personally I think nobody "deserves" it and in fact most just figured out a way to qualify for it.

[killramos]

No one “deserves” welfare more than anyone else. No one earned their CERB checks.

However the program has an intended purpose/recipients and intended outcomes/effects.

People who try and squeak into the program for personal gain that were not it’s intended recipients, that’s pretty damning in my eyes.

We can argue until the sun goes down about whether the program should have ever happened, that’s not really the point though.

[The_Rural_Juror]

People who try and squeak into the program for personal gain that were not it’s intended recipients, that’s pretty damning in my eyes.

That's the crux right there.

[tirebob]

I disagree. The $100k couples have contributed significantly more to the government then the no income person. In fact, the taxes that couple have paid over the years have likely supported that low income person for years. Why would that hard worker not be entitled to government funds when they need help? (Assuming they qualified for CERB.)

You sound like someone from Ontario or Quebec, “despite how much Alberta has contributed to confederation, they don’t deserve any help from Ottawa when their economy is getting pounded.”

I know lots of low income people who are incredibly hard workers and contribute huge amounts to our society. Just saying...

Just because you do not have a high income does not mean you are a drain on society as those positions are needed too or the higher paid positions wouldn't be there for those people either. Now if you wanted to make the argument that people who were smarter and figured out how to advance their career are more deserving than those that accepted a lower income and lot in life are, then while it is a crazy argument, at least it would make sense. Implying that all lower wage earners are lazy and not contributors does not.

[Team_Mclaren]

I Posted this back in April


the problem is, the people with around 100k income are now taking a paycut but still have a job, are not getting a fucking dime from the government right now. Yet they'll most likely pay for the majority of these free money in the future.

Really, no different than what's going on with the program right now. Deserving or not, the program isnt there to help you gain more than your regular income.

[killramos]

Maybe I just associate with (am related to) shitty people. But unfortunately my anecdotal experience is that CERB fraud is rampant, and I would love to see some real punishment doled out.

[flipstah]

It will cost more than $5K to get back the $5K.

Just let it be. Anyone that look sus, just tagged them for audit.

What about wage garnishing?

[tirebob]

Maybe I just associate with (am related to) shitty people. But unfortunately my anecdotal experience is that CERB fraud is rampant, and I would love to see some real punishment doled out.

I agree 100% actually. At the very least if you intentionally scammed the system, you should have to pay hefty fines say to the tune of double the money taken or some shit, and not something you can claim personal bankruptcy to avoid. It should have to come in the form of full payback up front and either the fine as well or have forced wage garnishing until the full amount is paid back.

[flipstah]

Death and taxes.

G56VgsLfKY4

[jutes]

What's the penalty for not paying back CERB or whatever CRA bills, does big brother come to your door and arrest you?

[ercchry]

What's the penalty for not paying back CERB or whatever CRA bills, does big brother come to your door and arrest you?

The most real would be if you had a big old bill showing on your NOA then you’re not getting any decent rate loan without proceeds going to pay it back.

[Sentry]

No lol, maybe if you owe millions. I know someone who had 60k in tax debt racked up after a bunch of years and they just called and set up a payment plan on his terms. ("I can only afford to pay 80 bucks a month forever" "Ok sounds good sir")

[Xtrema]

What's the penalty for not paying back CERB or whatever CRA bills, does big brother come to your door and arrest you?

That askes nicely, just like public health orders.

[M.alex]

Also disagree. This is exactly what CERB was for, like it or not that couple with 200k income still has bills to pay, if they are laid off and have half their income they still have those bills in all likelihood. If that CERB money means their mortgages still got paid this year, and stabilizes banking and the housing markets, that is literally the intention of the money.

Don’t worry, the other half in the couple still paid more than enough in taxes this year to offset what the household got from CERB.

CERB isn’t supposed to be welfare for the poor, it’s bridge financing for people who lost their jobs due to government actions over the pandemic.

then they should have sold their house/assets/etc. and re-adjusted their life.

Fuck those lazy motherfuckers.

[Xtrema]

then they should have sold their house/assets/etc. and re-adjusted their life.

Fuck those lazy motherfuckers.

In an ideal world, that's how it should go. But in reality, CMHC is holding the bag and banks are too big to fail. Hence CERB.

Our whole economy is based irresponsible spending.

[killramos]

then they should have sold their house/assets/etc. and re-adjusted their life.

Fuck those lazy motherfuckers.

Government imposed problem. Government imposed solution.

As expected it all turned out to be shit.

The problem with taking a whole laissez faire stance to it in is quite a substantial amount of the economic despair was government imposed.

Unless you are suggesting everyone should live their lives as if the government plans to shut down the 80% economy on a whim. Starts to reek of why bothering with government at all at that point.

To refocus again, you don’t have to agree with CERB to understand its intended purpose and who it was intended for.

Don’t like CERB? Only one guy responsible so direct your disdain where it belongs.

[2Legit2Quit]

Pay it back for those who got 3-4x the amount they normally make in a year.

Otherwise I'll take a year of paying taxes off please to balance out being a non scumbag who pays their taxes.

[ZenOps]

Gotta play by the government rules. If the NHL says no white males allowed, those the rules. If California says you can't buy a combustion engine car, those the rules.

"No" is the word of 2020. Doesn't even matter if you are billionaire. https://www.nytimes.com/2020/10/23/nyregion/nyc-homeless-hotel.html

[eblend]

If you didn't net $5000 in income on your side business then did you really need the $20,000 in cerb that you now need to repay? It seems ludicrous that someone who didn't meet the threshold was given 4 times what they made in the last year.

Sounds like a pretty sweet deal for those who barely worked or had next to no income to rake in 20k.

Ditto, my opinion exactly. All those people bitching on the news, so embarrassing, feel humiliated for these people. You didn't make 5k, and government gave you 20k....what the fuck did you expect? Go cry me a river.

[Disoblige]

Maybe I just associate with (am related to) shitty people. But unfortunately my anecdotal experience is that CERB fraud is rampant, and I would love to see some real punishment doled out.
The group I know is in the middle, kinda.

They're lazy people who don't really want to put huge effort into finding a job so they collect CERB as long as they can. One of them doesn't even understand they need to pay taxes on it later, yikes. Pretty sure a lot of uneducated people out there in the same boat.

[killramos]

I just saw one of the CERB and tax fraudsters I know bragging about an 82” tv today on Facebook.

I ain’t no snitch, but damn it’s fun to think about.

[Disoblige]

I just saw one of the CERB and tax fraudsters I know bragging about an 82” tv today on Facebook.

I ain’t no snitch, but damn it’s fun to think about.
Sounds like a dddouche.

[rage2]

Sounds like a dddouche.
More like an idiot. Everyone knows the price to size sweetspot is 85”.

[suntan]

Yes the fraud is rampant. My accountant has been fielding questions such as:

"I applied for CERB twice and got it twice. Should I pay it back?"
"I'm a student and applied for CERB and got it. Should I pay it back?"
"I have job and applied for CERB and got it. Should I pay it back?"

[The_Rural_Juror]

I never applied, nor received, CERB. Should I pay it back?

[killramos]

I never applied, nor received, CERB. Should I pay it back?

I am always supportive of voluntary tax payments, good on you good sir!

Unless the voluntary tax payment comes from lotto 6/49

[msommers]

Yes the fraud is rampant. My accountant has been fielding questions such as:

"I applied for CERB twice and got it twice. Should I pay it back?"
"I'm a student and applied for CERB and got it. Should I pay it back?"
"I have job and applied for CERB and got it. Should I pay it back?"

It's amazing that some people can get their shirt on every day.

I half wonder if people are not actually that stupid but rather seeking permission to continue being a shitty human. "Do I really have to pay it back or is there some wiggle room where I can keep it and buy a new TV?"

[killramos]

I’m pretty sure most people equate the accounting profession with legalized fraud.

Funny, not really wrong.

[mr2mike]

CPP is set to rise for 2021 and "These People" get Tru do'h dollars to spend at packed malls?!


CPP premium rates for all workers are to rise by 3.8 per cent in 2021. The amount of income subject to premiums is also rising by 5.3 per cent. This means for workers earning $60,000 or more, both the employer and employee will see more than a 9 per cent increase in their CPP premiums.

- - - Updated - - -


Yes the fraud is rampant. My accountant has been fielding questions such as:

"I applied for CERB twice and got it twice. Should I pay it back?"
"I'm a student and applied for CERB and got it. Should I pay it back?"
"I have job and applied for CERB and got it. Should I pay it back?"

Those people calling are hoping they don't have to take responsibility for their actions and just get to blame it on an accountant hoping they're morally questionable like Marty Bird.

[Misterman]

It's amazing that some people can get their shirt on every day.

I half wonder if people are not actually that stupid but rather seeking permission to continue being a shitty human. "Do I really have to pay it back or is there some wiggle room where I can keep it and buy a new TV?"

Look at the government people voted for. Clearly they just have no understanding of how money works, where it comes from, etc. I would swear a lot of these minimum wage earners just think that all the government needs to do to pay for something, is print more money.

[Disoblige]

I just saw one of the CERB and tax fraudsters I know bragging about an 82” tv today on Facebook.
Was it an 82" RCA TV for $1k?
I saw it today and it looked like the biggest piece of garbage money could buy.

[ThePenIsMightier]

Was it an 82" RCA TV for $1k?
I saw it today and it looked like the biggest piece of garbage money could buy.

RCA is to televisions as Tim Hortons is to coffee.
One is shaped very similarity and offers many of the control features of a television, albeit the picture quality is not one of them.
Another is very hot, brown liquid inspired by coffee as long as you don't mind becoming profusely sweaty and suffering an immediate, mild burst of diarrhea.

[ZenOps]

Didn't see any Vizios. Now using my 55 incher with absolutely no burn in for the last ten years. Seriously impressive given warranties on tech nowadays.

[killramos]

Was it an 82" RCA TV for $1k?
I saw it today and it looked like the biggest piece of garbage money could buy.

Samsung. Not beyond amazing but reasonable tv.

[suntan]

Those people calling are hoping they don't have to take responsibility for their actions and just get to blame it on an accountant hoping they're morally questionable like Marty Bird.Oh absolutely. You don't even want to know how many of the third question she's answered.

[suntan]

Look at the government people voted for. Clearly they just have no understanding of how money works, where it comes from, etc. I would swear a lot of these minimum wage earners just think that all the government needs to do to pay for something, is print more money.

Check bond issues in your brokerage account. There's an Ontario issuance @ 9.5%. Mmm, mmm good.

[Tik-Tok]

I am always supportive of voluntary tax payments, good on you good sir!


Lol, there's no voluntary part of us working suckers paying everyone else's CERB and CEBA back. We're all going to be paying it, for a very, very, very long time.

[ZenOps]

At this rate, it might just be worth going to a one world currency and simply forgetting that debt even existed.

[rage2]

Lol, there's no voluntary part of us working suckers paying everyone else's CERB and CEBA back. We're all going to be paying it, for a very, very, very long time.
The deficit numbers are quite hilarious. People were pissed last year at our spending, with deficit growing from 20b to 55b. We're on track to hit 400b this year. Only $10k of debt for every individual in Canada, NBD lol.

Shit's gonna get creative. Cap gains taxes on primary residences are already being talked about. Now's a good time to be poor haha.

[gmc72]

Let me qualify by saying I think I don’t think it should have gone out at all for the vast majority of people, but it definitely should never have been about keeping up a lifestyle as much as it was to avoid collapsing an existence.

My point is it should never have gone out if it was not needed, high or low income.

*edit* - Or it should have gone out to everyone automatically if you want to be fair about it, whether it was needed or not. Having this threshold of qualification is absurd, especially when people start making an argument that those who have a higher income deserve it more. Personally I think nobody "deserves" it and in fact most just figured out a way to qualify for it.

I had no choice whether I was on it or not. I was laid off and applied for EI, as one would when laid off. The next thing I knew I was getting CERB until my EI claim was in place. I called and asked why I was getting it, and they said that this is the way it was set up. Didn't ask for it, but I got it. Now because I made 100k and my wife makes close to that, you think I should give it back? And no, it wasn't about keeping up a lifestyle, it was about keeping my home.

[ExtraSlow]

If we want to make high income people ineligible for income supports, we probably have to let them opt out of the premiums.

[max_boost]

The deficit numbers are quite hilarious. People were pissed last year at our spending, with deficit growing from 20b to 55b. We're on track to hit 400b this year. Only $10k of debt for every individual in Canada, NBD lol.

Shit's gonna get creative. Cap gains taxes on primary residences are already being talked about. Now's a good time to be poor haha. lol ya man

I wouldn’t be surprised tax increases all across the board

Inheritance tax
Property tax
Gst
Pst
Cap gains
Luxury car baller tax
Carbon tax
Fuel standard tax
Preloaded stimulus cash in bank account tax

It’ll filter out who the real ballers are lol I’m going back to Subaru for my next car cheap cheap haha

[ExtraSlow]

Inheritance tax will almost certainly be coming. Old folks should spend thier money and die broke.

[tirebob]

I had no choice whether I was on it or not. I was laid off and applied for EI, as one would when laid off. The next thing I knew I was getting CERB until my EI claim was in place. I called and asked why I was getting it, and they said that this is the way it was set up. Didn't ask for it, but I got it. Now because I made 100k and my wife makes close to that, you think I should give it back? And no, it wasn't about keeping up a lifestyle, it was about keeping my home.I fully acknowledge that it is not everyone who abused it, but there was/is a lot of rampant abuse, and when it is abused by people who don't need need it and they took it anyways because they feel like they were owed or simply didn't want to be left out of the free money train.

I am not calling anyone out here individually. Just pointing out that those who didn't need it but took it are kinda douchey, especially when they call out poor people for not contributing enough with one hand, all the while their other hand is being held out happily grabbing at CERB themselves.

*edit* - I also do acknowledge the clusterfuck this entire thing was as it was being rolled out and that there are people who probably had this thrust upon them rather than a legitimate EI claim. I have no beef with that type of thing. My issue is only with those who chose to find creative ways to take money when they were not entitled to it whether they were poor, middle class or rich.

[Disoblige]

Only thing one can do is throw in all their cash into stonks so the 30% gain can offset the tax increases.

[gwill]

I had no choice whether I was on it or not. I was laid off and applied for EI, as one would when laid off. The next thing I knew I was getting CERB until my EI claim was in place. I called and asked why I was getting it, and they said that this is the way it was set up. Didn't ask for it, but I got it. Now because I made 100k and my wife makes close to that, you think I should give it back? And no, it wasn't about keeping up a lifestyle, it was about keeping my home.

If you recieved something you shouldn't have then yes you should pay it back. Its pretty simple.

My wife's on maternity leave and was over paid $6000. We knew this and expected to pay it back. We didn't go out and spend it. It seems all those on cerb expect a free pass/free check.

Wheres peoples accountability these days?

[Team_Mclaren]

The deficit numbers are quite hilarious. People were pissed last year at our spending, with deficit growing from 20b to 55b. We're on track to hit 400b this year. Only $10k of debt for every individual in Canada, NBD lol.

Shit's gonna get creative. Cap gains taxes on primary residences are already being talked about. Now's a good time to be poor haha.

Its funny because some people seem to think that it wont need to be paid back by taxes in the future...
https://forums.beyond.ca/threads/412461-2021-income-tax

[jutes]

Wheres peoples accountability these days?

That's way out the window, like in the field and over to the next province. People are never held accountable and always play the victim, mostly due to their own ignorance. "I didn't know" is the typical excuse when they go crying to the media.

[max_boost]

No need to be accountable. Another party will seize your dissatisfaction for votes lol

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Only thing one can do is throw in all their cash into stonks so the 30% gain can offset the tax increases.
Soon they will come after tfsa and said you made more than 5% lol haha

[The_Rural_Juror]

Its funny because some people seem to think that it wont need to be paid back by taxes in the future...
https://forums.beyond.ca/threads/412461-2021-income-tax

Some of the creme puffs on that forum. tsk tsk.

[pheoxs]

Only thing one can do is throw in all their cash into stonks so the 30% gain can offset the tax increases.

Can I put Bitcoin in my TFSA? Almost 500% gains on the year

[mr2mike]

Personally know of two or more different people.
One made no income in Canada. Didn't even live here in 2018 or 2019 and was paying hockey in Europe. Came back because of the covid.
Promptly got on CERB and so did the gf who also lived in Europe. With their combined CERB, they are renting a new condo, buying new furniture and not even considering paying it back. They feel they deserve it.

These are the people that should be fined by CRA or garnish any future EI claims or higher EI payments when they do get employment in Canada. The CRA has ways. They're just being instructed to do nothing.

Also know a bunch of students in programs on CERB too.
At this point, my gf should have applied for the mishandled hand out too but didn't.

[faiz999]

Personally know of two or more different people.
One made no income in Canada. Didn't even live here in 2018 or 2019 and was paying hockey in Europe. Came back because of the covid.
Promptly got on CERB and so did the gf who also lived in Europe. With their combined CERB, they are renting a new condo, buying new furniture and not even considering paying it back. They feel they deserve it.

These are the people that should be fined by CRA or garnish any future EI claims or higher EI payments when they do get employment in Canada. The CRA has ways. They're just being instructed to do nothing.

Also know a bunch of students in programs on CERB too.
At this point, my gf should have applied for the mishandled hand out too but didn't.

so they took the money and promptly put it back into the economy? the horror

[Nufy]

I never applied, nor received, CERB. Should I pay it back?

You will...just not officially.

[The_Rural_Juror]

Can I put Bitcoin in my TFSA? Almost 500% gains on the year

Isn't Bitcoin already invisible to the government?

[killramos]

Inheritance tax will almost certainly be coming. Old folks should spend thier money and die broke.

Way too easy to dodge for anyone with more than a few pennies.

Will really show the people set To I here it their moms trailer at Sunnyvale though.

States has estate taxes, and no one pays them there.

[mr2mike]

so they took the money and promptly put it back into the economy? the horror

Tax free. Like an entitled Nobelmen.

[90_Shelby]

I am not calling anyone out here individually. Just pointing out that those who didn't need it but took it are kinda douchey, especially when they call out poor people for not contributing enough with one hand, all the while their other hand is being held out happily grabbing at CERB themselves.



But you are calling out anyone who previously made over $100k, has lost their job and collected CERB as they are entitled to, as you feel that's kind of douchey and gross if their significant other is still employed.

Got it Comrade. :thumbsup:

[mr2mike]

States has estate taxes, and no one pays them there.
They also have ability to deduct mortgage interest from their taxes.

[gmc72]

If you recieved something you shouldn't have then yes you should pay it back. Its pretty simple.

My wife's on maternity leave and was over paid $6000. We knew this and expected to pay it back. We didn't go out and spend it. It seems all those on cerb expect a free pass/free check.

Wheres peoples accountability these days?

Didn't expect it or had a choice. I was put on it when I applied for EI. I'm going to get hit at tax time when I need to pay income tax on that money. I don't expect a free pass/free check. I followed the rules and you're saying that because the government did it this way, I should pay back that money? Even if doing so will put me in a tight financial situation? Or should I just sell my house, in a down market and take a bigger loss? Or sell my assets so that I have nothing left? Pretty simple hey?

[The_Rural_Juror]

But you are calling out anyone who previously made over $100k, has lost their job and collected CERB as they are entitled to, as you feel that's kind of douchey and gross if their significant other is still employed.

Got it Comrade. :thumbsup:

$100K-ers get such a bad rep for no apparent reason.

[mr2mike]

I think it's anyone that actually pays taxes that will get hit for CERB tax payments.
The chumps with nothing to lose except a repossession of their 82" TV still keep winning.

[blownz]

$100K-ers get such a bad rep for no apparent reason.

I know more than 1 doctor that made over $1M last year and this year applied for CEWS within their corps and one that even laid off family members so they could collect CERB. I also have heard of people that have made more money in 2020 from CERB than they made all last year.

Bottom line is there are people at every income level that abuse the system.

The ~$100K=ers mentioned above should get a break as they are usually the ones just following the rules and paying all the taxes lol

[The_Rural_Juror]

I know more than 1 doctor that made over $1M last year and this year applied for CEWS within their corps and one that even laid off family members so they could collect CERB. I also have heard of people that have made more money in 2020 from CERB than they made all last year.

Bottom line is there are people at every income level that abuse the system.

The ~$100K=ers mentioned above should get a break as they are usually the ones just following the rules and paying all the taxes lol

Moral of the Story: $100kers are poor honest people. Go after the $1M-ers.

[msommers]

The ~$100K=ers mentioned above should get a break as they are usually the ones just following the rules and paying all the taxes lol

Tax evasion and tax avoidance is a thin, grey line. If it's borderline legal-ish, "why are we not doing that"...Whether it's right or wrong in the hearts and minds of others, it could be smart from a purely financial perspective. Or the CRA sees it as illegal in which case your life will become a living hell.