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June 3, 2020
Question

How do I subtract the 10% temporary wage subsidy from the payroll tax report? The actual cheque sent to CRA is less than what QB says should be remitted.

  • June 3, 2020
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1 reply

June 3, 2020

Hi Vera4,

 

Making sure the Wage Subsidy is recorded properly is a good way to prevent errors in your books. 

 

QuickBooks is easy to navigate and this makes it easy to record the Wage Subsidy. I encourage you to check out this helpful article here: Temporary Wage Subsidy for Employers (10%). The article goes over the key steps which show you how to properly record the subsidy in your books. 

 

If you need further assistance I also recommend contacting an accounting professional for clarification. 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. 

 

Let me know if you need anything else by leaving a comment below. I'll be one message away. :)