COVID-19: Interest Relief on Income Tax and Benefit Returns
The Government of Canada announced that they will provide targeted interest relief to Canadians who received COVID-related income support benefits.
Once individuals have filed their 2020 income tax and benefit return, they will not be required to pay interest on any outstanding income tax debt for the 2020 tax year until April 30, 2022.
To qualify for targeted interest relief, individuals must have had a total taxable income of $75,000 or less in 2020 and have received income support in 2020 through one or more of the following COVID-19 measures:
♦ CERB, CESB, CRB, CRCB, CRSB, EI or similar provincial emergency benefits.
Canada Revenue Agency will automatically apply the interest relief measures for individuals who meet these criteria.
https://www.canada.ca/en/services/taxes/income-tax/personal-income-tax/covid19-taxes/interest-relief.html