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Canada Emergency Wage Subsidy, Canada Recovery Hiring Program, & Canada Emergency Rent Subsidy

Prepare CEWS/CRHP and CERS for multiple Qualifying Entities

In response to Bills C-20, C-9, and C-30, Tax Templates Inc. built a Canada Emergency Wage Subsidy and Canada Recovery Hiring Program (CEWS/CRHP), and a Canada Emergency Rent Subsidy (CERS) worksheet to help businesses and their advisors calculate their claims.

The CEWS/CRHP worksheet is filled with features, including: 

      ◦   All calculations managed in one well-designed and integrated worksheet (video overview)

◦   Optimization of the CEWS for each employee for each week to receive the maximum benefit available

◦   Maximizing CEWS & CRHP for each qualifying period to maximize the subsidy available for periods 17+

◦   Macro to automatically import data from prior CEWS worksheets (video instructions)

◦   Built-in deeming provisions to automatically claim CEWS based on prior period qualifying revenues

◦   Built-in deeming provisions to help maximize the revenue reduction percentage for each qualifying period

◦   Built-in deeming provisions to help maximize the top-up percentage for Period 8 through Period 10

◦   Maximizing the “pre-crisis” baseline remuneration for each employee based on all four period options

◦   Determining if any employee is without remuneration for 14 consecutive days

◦   Flexibility to choose between the “General” and the “Alternative” baseline revenue approach

◦   Flexibility to choose the Period 4 revenue drop percentage to be used in Period 5 (video overview)

◦   Calculate claims from Mar 15, 2020 to Nov 20, 2021

◦   Wage subsidy amounts for both active and paid-leave employees

◦   Supports payroll frequency of weekly, biweekly, semi-monthly, and monthly (or enter daily amounts)

◦   Support for entities with two payroll frequencies (e.g. bi-weekly and monthly together)

◦   Summary reconciliations for employees to streamline 2020 T4 reporting

◦   Built-in filing deadlines and applicable tax elections

◦   Include up to 1,000 employees

The CERS worksheet has the features you need, including: 

◦   All calculations managed in one well-designed and integrated worksheet (video overview)

◦   Built-in deeming provisions to maximize the revenue reduction percentage for each qualifying period

◦   Flexibility to choose between the general and the alternative baseline revenue approach

◦   Support for claims from Sep 27, 2020 to Jun 5, 2021

◦   Include up to 50 properties

Our detailed walkthrough videos show you how to complete every step with confidence.

15 videos totalling about 30 minutes explain each step of the calculation, and how to enter the necessary data correctly: revenues, employees, baseline remuneration, payroll data, and rent data.

Additional 30 minute webinar recording with client Q&A recorded in Feb 2021.

Outputs are easy to review, and reconcile to your records to help ensure data correctness.

What you’ll need to start

◦   Payroll information since Mar 2019

◦   Rental information since Sept 2020

◦   Monthly revenues since Jan 2019

◦   Microsoft Excel 2010 (or later)

What your licence includes

◦   Use of the CEWS worksheet for unlimited entities

◦   Use of the CERS worksheet for unlimited entities

◦   Technical support by email

◦   Updates for future periods

The Canada Emergency Wage Subsidy and Canada Recovery Hiring Program, and the Canada Emergency Rent Subsidy worksheets are included as part of TTI’s Tax Accounting collection.

The Tax Accounting collection also includes other popular TTI worksheets such as Safe Income, Simplified or Quick, Corporate Tax Continuity, and Investment Bookkeeping.

Click here to license a Tax Accounting collection

TTI provides a multitude of Excel-based spreadsheet tools that make life easier for my team. From salary/dividend decisions, forex calculations to safe income calculations and everything in between. You have to see the list to realize the value that is included in the suite – and they are constantly updated. It’s also nice to have the videos to follow along with on the more complicated ones. I wish this had been around when I started my practice.

Dan Chun, CPA

Partner, MNP LLP