CRA has updated “Represent a Client” and “My Business Account” to allow the reporting of the 10% wage subsidy claim and related election. Scroll down to the Payroll section and select “10% Temporary Wage Subsidy”. As an alternative, the newly released PD 27 Form (10% Temporary Wage Subsidy Self-Identification Form for Employers) can be completed.
m can be completed
CRA notes the following:
They will use the information on this form to reconcile the subsidy on the payroll program account. This will ensure that the taxpayer does not receive a discrepancy notice.
Only eligible employers should reduce their remittances and send in this form. Do not fill in and submit this form if not an eligible employer. This form can be submitted at the end of the eligible period.
Some taxpayers may be eligible for both the TWS and the Canada Emergency Wage Subsidy (CEWS). Employers who are eligible for both subsidies can claim only a maximum total subsidy of 75% of the eligible remuneration that they pay. Therefore, if the taxpayer id eligible for both subsidies, they must reduce their CEWS claim by all amounts claimed under the TWS for the pay dates in a specific CEWS claim period.
If an employer chooses, they may elect for the TWS to be equal to a lower percentage of the remuneration they pay. If they claim less than the total 10% amount they are eligible for, the CRA will consider that they elected to reduce your eligible subsidy.
The following information is required:
The number of eligible employees.
Gross remuneration per pay period
Income tax deducted
Canada Pension Plan contributions
Employment insurance premiums
Wage subsidy claimed ($)
Wage subsidy claimed (%)
Total temporary wage subsidy