2020 T4 for TWS

Forum|Forum|5 years ago
January 21, 2021
1 reply
8 views

I claimed TWS in 2020. When I prepare 2020 T4 & T4 sum, should I record the actual remittance plus TWS on line 82?

ProFile (Canada)

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Best answer by CathyRS

I use Quickbooks for payroll and it used the actual remittance amount for line 82. CRA requires that you file a PD27 if you claimed TWS. This is so they can reconcile the variance. If you add the TWS in line 82, there's still going to be a variance to CRA's records since you actually remitted a lower amount. I can't find anything on the CRA site about adding the TWS so my personal 2 cents is line 82 should be the actual remittance amount since CRA hasn't indicated differently.

C

CathyRSAnswer

Level 2

I use Quickbooks for payroll and it used the actual remittance amount for line 82. CRA requires that you file a PD27 if you claimed TWS. This is so they can reconcile the variance. If you add the TWS in line 82, there's still going to be a variance to CRA's records since you actually remitted a lower amount. I can't find anything on the CRA site about adding the TWS so my personal 2 cents is line 82 should be the actual remittance amount since CRA hasn't indicated differently.

G

groobiAuthor

Level 4

Makes sense. Thanks

F

forjack

Level 2

Hi,

This is a question and answer (by a CRA employee) from yesterday's CRA online seminar-I hope it helps:

We applied 10% TWS and used subsidy to reduce tax portion remittance, so how to report box 82 on T4 summary? net remittance or gross remittance that included applied subsidy? thanks.

Answer:
• If you are an eligible employer and paid eligible remuneration, then the 10% TWS subsidy should be reported under the applicable box 82 as part of your remittances.
• Box 80 are the deductions that was withheld from your employees and does not take account the 10% TWS subsidy.

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