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renata1
April 14, 2020
Question

What a tax code to use for Temporary Wage Subsidy Income account in Canada? Shall we use exempt or out of scope code

  • April 14, 2020
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1 reply

Rochelley
April 14, 2020

Hello @renata1 ,

 

When you make the required journal entry, you will be debiting your Payroll Liabilities account and crediting an "Other Income" account.  Taxes are moot in this entry so you are not required to enter any tax codes into this JE.

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