Grants and Subsidies

[healthymanccc]

A Corporation received the following Grants and Subsidies.
I plan to enter them into the following GIFI codes on the T2:

Canada Emergency Rent Subsidy: *Other Revenue - GIFI 8230
Ontario Small Business Support Grant: Subsidies and Grants - GIFI 8242
Digital Main Street Grant: Subsidies and Grants - GIFI 8242

Is this how others would do it?

[Nezzer]

No. See this thread:

Covid Assistance

I just looked at the update GIFI guidlines for 2020 and came across this section on Covid related assistance. I am wondering how everyone is handling these payments. If it is added as additional income on the S1 and not to be put into 8242 on the gifi how are we to handle this. "*8242 Subsidies and grants government assistance and subsidy payments (for non-fishing corporations), federal, provincial, territorial, or municipal grants received Corporations, including non-profit organizations, c…