CEBA ($20,000.00 Forgiven amount)

You seem like a “nice guy” :wink: so here is a previous thread.

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" Now the $20k will be reported as income on the 2021 T2 on S125."

Not if you did your bookkeeping correctly. There should have been an adjusting entry done in the 2020 as shown in the post where you say it makes sense.