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Dotting the T’s and Crossing Your Eyes… Staying Sane While Meeting 2020 Payroll Year-End Filing Requirements – TAPA Lunch & Learn Finance Series
January 20 @ 12:00 pm - 1:00 pm$25.00
This session is critically important for GMs, EDs and business managers of “small shops” who produce T4s themselves. It will be of great interest to all managers responsible for tax compliance, so that you understand what to expect from your payroll service provider and bookkeeper in this extraordinary year.
As we write this description, we’re still awaiting word from CRA about how, exactly, T4 filing requirements will change in 2020. From what has been released so far, it seems clear that reporting will be significantly expanded, to enable the government to assess compliance with wage subsidy programs.
In this webinar, we will introduce the 2020 T4 slip and review the new and additional data points required to complete it accurately. We will recap the terms and conditions of the Temporary Wage Subsidy Program (TWSP; 10%) and the Canadian Emergency Wage Subsidy program (CEWS; initially 75%, but since August on a sliding scale) – paying particular attention to what you must do by payroll year-end (Feb 28).
Additionally, we will review the PD27 10% Temporary Wage Subsidy Self-identification Form for Employers. This new mandatory form enables CRA to evaluate compliance with the terms of the subsidy.
- Julia Gaunt-Rannala - Interim Payroll Manager and Senior Associate, Young Associates
- Heather Young - Principal, Young Associates
Date: Tuesday January 19, 2021
Time: 12 noon – 1:00pm
Location: Zoom - the session will NOT be recorded
Fee: $25+HST for TAPA Members, $35+HST for Non TAPA Member
Offered in partnership with Young Associates