New: Revised 10% TWS Report
Easypay's latest software patch contains a new menu option:
Reports > Wage Subsidies (COVID-19) > 10% Temporary Wage Subsidy - REVISED.
This revised report will only benefit those employers who DID NOT participate in the 75% CEWS subsidy. If you took advantage of the 75% CEWS subsidy, then you do not need to run the revised report for the 10% Temporary Wage Subsidy.
If you do print the revised report, compare it to what you have already claimed for the 10% Temporary Wage Susidy to determine if you are entitled to claim an additional amount. Any additional subsidy amounts can be deducted from the tax collected on your next remittance for 2020.
New: PD27 Report — To help you fill out the PD27 form
You must submit a PD27 form to the CRA if you have taken advantage of the 10% Temporary Wage Subsidy, or plan to do so. Details are posted at the CRA website: Reporting the 10% Temporary Wage Subsidy to the CRA.
To help you fill out the PD27 form, the latest software patch includes a new PD27 report:
Reports > Wage Subsidies (COVID-19) > PD27 Form - Report/Export.
This new report provides the information required to complete the PD27 form. It also includes an option to create an XML file in Easypay that can be imported into the fillable PDF version of the PD27 form. (Instructions on how to import the XML file are displayed when you create the file.) The fillable PD27 form is available at the CRA website: PD27 10% Temporary Wage Subsidy Self-identification Form for Employers.
Please read the instructions on how to submit the PD27 form that are printed on the first page of the form. Simply filling out the fillable form does not deliver it to the CRA.
The CRA encourages you to provide all the information requested on the PD27 form and submit it as soon as possible to avoid receiving a discrepancy notice at the end of the year. You do not need to wait until you file your T4 information return.