All employers claiming the 10% Temporary Wage Subsidy and/or CEWS must submit a PD27 prior to December 31st, 2020. If you, the employer, has not participated in CEWS and has not claimed the 10% TWS then the PD27 is not required.
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.
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.
The PD27 form can be found on CRA’s website and can be submitted in the following ways:
If you have any questions, please contact your Stark & Marsh advisor.
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