Canadian Payroll Tax Update for Ontario....yes we will be supporting it!!
Terry R Heley
Microsoft Employee
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Report***THIS HAS RELEASED***
On July 14, 2014 the Canada Revenue Agency announced a change for Ontario. The proposed changes are retroactive to January 1, 2014, and the revised tables reflect prorated tax rates to allow employers to withhold the correct additional amounts from employees. The changes to the tables apply to employees who earn more than $150,000 in 2014.
Due to complexities and timing, employers will not face penalties for failing to withhold as a result of the Ontario budget measures introduced late in July.
Microsoft will release an update with these changes by the end of August, 2014.
All notifications will be posted on these two sites based on version.
2010
2013
To expedite the release process, we have decided to release this as a chunk (.cnk) file over a full install (.msp) file. What risk this will pose to us is the customer needs to be on the latest build of GP 2010 and GP 2013 in order to install this chunk file. For GP 2013 customers, this means they need to be on GP 2013 R2 to apply this tax update.
Versions that are required:
GP2010 for the March Tax Release 2014 (Core version = 11.0.2320 and CanPay Version = 11.0.2322)
GP2013 for the R2 release (Core version = 12.0.1745 and CanPay Version = 12.0.1701)
Once you have installed the MSP to be on the above version, then you may chunk in the changes for September which are only for Ontario.
I hope to release this in the next two/three weeks, with this chunk file release.
It is very important in order for taxes to work correctly the customer be on the correct installs noted above.
This change will also be rolled up into any later releases (.msp) installs for the specific version.
Never a dull moment when it comes to payroll!
Thanks
Terry
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