Form PD27 – Mandatory Subsidy Reporting Requirements for Employers

Keep an eye out for letters from the CRA regarding your 2020 payroll filings. If the PD27 filed for 2020 does not include details of the 10% Temporary Wage Subsidy (TWS), a revised PD27 with those details will need to be filed.

The CRA is requiring all eligible businesses, partnerships, non-profits, charities, and sole proprietors with a payroll account to complete and submit PD27 where they have claimed the 10% TWS, indicating how they have applied the TWS.

This form is used to reconcile the T4s wherein there is a discrepancy between the T4 filed amount and T4 remittance amount. This would occur if you had claimed the 10% TWS.

The revised PD27 would need to be submitted to the CRA along with an explanation of the new information.

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Shajani LLP is a CPA Calgary, Edmonton and Red Deer firm and provides Accountant, Bookkeeping, Tax Advice and Tax Planning services.