Question

10% wage subsidy

Forum|Forum|6 years ago
May 11, 2020
2 replies
0 views

I have done the process to figure out the 10% wage subsidy and now wanting to pay my remittance it isn't taking the subsidy amount off of the Tax portion...it is just sitting there as a credit and not sure how to apply it to my payment so I pay the lesser amount?

QuickBooks Online

J

JamesM

Hi there,

Making sure your transactions are recorded correctly is a good way to prevent errors in your books.

I recommend contacting an accounting professional to get more info on this. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies.

To learn more about the Wage Subsidy, check out this helpful article here: Temporary Wage Subsidy for Employers (10%).

Let me know if you have other questions. I'm here to help

L

LisaF1967Author

Hi There

Thanks for your reply and yes I have all of the info and do have a very good accountant. I have a QB question not an accountant question. I have already figured out the subsidy amount and have done the appropriate entries...my issue is when I go to pay my remittance the amount is suppose to be reduced by my subsidy and it is not. The subsidy sits on the line about my remittance amount and reads overpaid....i don t understand why it isnt automatically being taken against the amount owing?

thanks