Back to news feed
Employers can apply for the temporary wage subsidy immediately or wait until after June 20, when the period covered by the grant will be finished.
To learn more about this subsidy, consult the news item Covid-19: Flexibility measures for individuals and businesses > section March 23 – Federal.
To help you calculate the subsidy in your software :
To claim the temporary wage subsidy, proceed as follows:
Click the General Ledger menu and select Account Management.
Create a specific item for the subsidy (e.g. Revenue from 10% subsidy).
Click the Salaries tab and select Employer’s Remittances > Remittances Calculation and Payment to produce the remittances (DAS).
Enter the From/To dates and produce the report.
The amount of the Gross monthly earnings is used to calculate the subsidy. Note: the Number of employees – total is also important to know the maximum amount of subsidiary the employer is entitled to.
Example: $8,095.14 X 10%= $809.51.
Therefore, the amount of the subsidy would be $809.51. To learn more about the eligibility conditions, click this link: Temporary Wage Subsidy for Employers.
When the message is displayed to confirm the payment of remittances and contributions, click Yes without printing the cheque, since a modification must be made to the banking entry.
Click Bank > Banking Transactions Management and select the DAS entry.
In the Amount of trans. field, enter 0.00.
Add the previously created Revenue from 10% subsidy item.
Enter the amount of the credit (e.g. -809.51) in order to reduce the remittance by this amount.
Click to confirm, then print the cheque.