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peace and love to you all thank you for tuning in welcome back to another nation and were gonna try this again this is probably like the third time I made this video only because I let my son download some games on my phone and he doesnt like use up all my space so keeps not uploading my videos but were gonna try this again and we gonna keep it real short so I wanted to get back with you guys on what I was saying I had a friend give me a process for free postage so Ive been experimenting with it and I got came back with great great results so first things first so this here is the list of all the items that Ive mailed out since the end of June using this process and everything has mailed out and Im putting the dates that the things Rick Rick got delivered as they get delivered the stuff that its not written in is because I just sent that stuff out like last week so still waiting for it to be delivered however I am checking the certified mail number on you know the trucking info

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Who is eligible for the 10% temporary wage subsidy?

Eligibility: Non-profits, registered charities, and private Canadian-controlled corporations (CCPCs) eligible for the small business deduction (must have less than $15 million in taxable capital in Canada);

How do I record CERS?

CERS applications can be done through the application portal. Apply to create your CERS account number through My Business Account or Represent a Client, where youll also file your application, after calculating your subsidy through the CERS Portal.

How do I report wage subsidy on T2?

Report the amounts of wage or rent subsidy you received for the tax year on both Schedule 1 of your T2 Corporation Income Tax Return (T2SCH1) and the General Index of Financial Information (GIFI). On the GIFI, include the subsidy you received at line 8242.

Who is eligible for temporary wage subsidy?

Whos eligible for the subsidy? The temporary wage subsidy is available to eligible employers who have one or more eligible employees and had a Business Number and a Payroll Program account on March 18, 2020.

How do I calculate the 10% wage subsidy?

How is the TWS calculated? You pay five eligible employees a monthly salary of $4,100, bringing your total monthly payroll to $20,500. Your wage subsidy for the month will be 10% of $20,500 which is $2,050. For the three months, if all of your payroll information remains the same, you will pay $61,500 of remuneration.

Is the wage subsidy in NZ taxed?

The reason the wage subsidy is taxable to the self-employed but not taxable to businesses is because payments of salary and wages paid to employees of a business that has received a wage subsidy are still taxable to the employee.

How is the temporary wage subsidy calculated?

Multiply your gross eligible remuneration by 10% to get your allowable subsidy amount. Make sure this amount does not exceed the maximum of $1,375 per eligible employee or $25,000 per eligible employer.

Is there is deadline for PD27?

While there is no official deadline for submitting the PD27 10% Temporary Wage Subsidy Self-Identification Form for Employers (PD27), we recommended that all businesses and organizations that need to report do so by December 31, 2020.

Who is not eligible for TWS?

Payroll remittances made to Revenu Quebec are not eligible for the TWS. If your business was closed due to COVID-19 and you did not pay salary, wages, bonuses, or other remuneration to an eligible employee from March 18 to June 19, 2020, you cannot take advantage of the subsidy, even if you are an eligible employer.

Can you still apply for the temporary wage subsidy?

The CRA administered COVID-19 wage and rent subsidies to temporarily support wage and rent expenses for certain businesses, charities, and non-profits in Canada between March 15, 2020, and May 7, 2022. As of November 4, 2022, you can no longer apply for these subsidies.

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