RESOURCES

All employers claiming the 10% Temporary Wage Subsidy and/or CEWS must submit a PD27 prior to December 31^st, 2020. If you, the employer, has not participated in CEWS and has not claimed the 10% TWS then the PD27 is not required.

The form must be submitted if

• The 10% TWS was claimed for the eligible period of March 19th to June 19th.
• You are participating in the CEWS program and did not use the subsidy or reported it as ‘0’.
• You are claiming the 10% TWS and participating in CEWS as mentioned above.
• The 10% TWS was claimed on more than one payroll program account. If this is the case the employer must submit separate forms for each program account.

Why is this form completed?

This form is completed because it is part of CRA’s reconciliation process as it identifies the actual statutory withholding amounts for each pay period as well as the subsidy amounts claimed within the eligible period of March 18th to June 19th. 

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It is critical that this form gets submitted before Dec 31st as it will effect T4’s. When they are prepared the discrepancy amount which will be the difference between the remittance total for the year and the total income tax deducted should balance to the total subsidy amount on the PD27. CRA will balance the T4’s to the PD27 the same way. If they do not balance or the PD27 is not submitted, then the employer will receive a discrepancy notice and/or PIER review as a result.

How to complete the form

The PD27 form can be found on CRA’s website and can be submitted in the following ways:

• Online through My Business Account or Represent a Client using “Submit Document” or the link under the payroll program account.
• By mail or fax.

If you have any questions, please contact your Stark & Marsh advisor.