The Canada Revenue Agency recently confirmed that all employers who were eligible to claim the 10% Temporary Wage Subsidy for Employers (TWS) for the period of March 18 to June 19, 2020, will be required to complete and submit information regarding the subsidy claimed for each eligible payroll account either through the payroll section of their My Business account (under menu option “10% Temporary Wage Subsidy”), or by completing form PD27 “Temporary Wage Subsidy Self-Identification Form for Employers”.
Eligible employers will be required to indicate on the form the amount of the Temporary Wage Subsidy claimed as a reduction of payroll remittances. Employers who did not reduce their remittances must also complete and submit the form in order to allow the CRA to credit their payroll program account by the amount of the subsidy that they are eligible for.
Eligible employers who do not wish to claim any Temporary Wage Subsidy or who wish to claim a lower percentage are still required to file the Self-Identification form indicating the lower percentage claimed. It will be important for employers who are also claiming a Canada Emergency Wage Subsidy (CEWS) to indicate the lower percentage claimed, if applicable, as failing to do so may result in the entire 10% being credited and a corresponding reduction or recovery of their CEWS claim.
The PD27 form can be found at the following link:
https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/pd27/pd27-20e.pdf
For the CRA TWS Frequently Asked Questions page visit:
https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-wage-subsidy-small-businesses.html
For more information on the Temporary Wage Subsidy for Employers, or other COVID-19 government relief measures, contact Gregory Harriman & Associates LLP by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by phone at 1-403-934-3176.
Disclaimer
The information in this publication is current as of July 29, 2020.
This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact Gregory, Harriman & Associates LLP to discuss these matters in the context of your particular circumstances. Gregory, Harriman & Associates LLP, its partners, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it.