Temporary Wage Subsidy (TWS)

On July 31, the CRA released a new reporting form and related guidance to employers who qualified for the TWS. The mandatory reporting is to be made on form, PD27 – 10% Temporary Wage Subsidy Self-Identification Form for Employers.

All taxpayers who were eligible to claim both this subsidy and the CEWS are required to file this form with the CRA, even if they did not make a claim under the TWS program. Since benefits under the TWS program were claimed by a reduction in payroll withholding remittances, this form will be used by the CRA to reconcile the employer payroll program (RP) accounts. The CRA indicated that filing this form will ensure that the employer will not receive a discrepancy notice at the end of the year.

The government has provided examples of how the PD27 form should be completed under a variety of scenarios. To access these examples, please click on the following link:

https://www.canada.ca/en/revenue-agency/services/subsidy/temporary-wage-subsidy/tws-reporting.html