Taxability of Canada's CERB payment and the US CARES Act payment for Dual Canada/US citizens residing in Canada

<p>April 28, 2021 - Participants Include:</p> <p> </p> <p>John Richardson - <a href='http://www.twitter.com/expatriationlaw'>@ExpatriationLaw</a></p> <p> </p> <p>Oliver Wagner -<a href='http://www.twitter.com/1040abroad'> @1040Abroad</a></p> <p> </p> <p>For dual Canada/US citizens living in Canada it's tax time. Specifically it's time to file both Canadian and US tax returns for the 2020 tax year.</p> <p>2020 was a very difficult year. Dual citizens living in Canada may have received both the Canadian CERB payment and the the US CARES Act payment.</p> <p>The basic principle, as discussed in <a href='http://citizenshipsolutions.ca/2020/09/21/us-citizens-living-in-canada-will-not-pay-canadian-tax-on-us-cares-act-payment-but-likely-will-pay-us-tax-on-canadas-cerb-payment/'>this blog post</a>, is that the Canadian CERB payment is taxable in both the US and Canada and that the US CARES Act payment is taxable in neither the US nor Canada.</p> <p> </p> <p>US citizens residing in Canada may be eligible to receive up to $3200 US dollars of relief payments from the US government. This is  your money to do with what you please!</p> <p>________________________________________________________</p> <p> </p> <p>Thanks to Olivier Wagner of 1040Abroad.com for participating in this  podcast.</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p>