I’m preparing a T2 for a corporation that received the wage subsidy (April - June) and also used the temporary 10% submission reduction (March - June). Since these amounts are taxable income I’m not sure if there is a specific (new) line to include these amounts or just claim as Expense Recovery (Sch 125 Line 8249). Any suggestions from the forum?
I would think that 8242 would work for the CEWS.
In agreement with @snoplowguy. I used 8242 Subsidies and Grants on a corporate I just completed
Thank you Wayne and Michael for your input.