Payroll Deductions

Home

An additional 24 deductions can be setup per employee over and above the standard Federal, E.I. and C.P.P. deductions.

Employee Specific Deductions/Benefits - Allowable Designations

<CR> ( no entry ) will deduct (AMT) every time
 

H

 Hourly based deduction

%

 Percentage Calculation on Hours or Wages

G

 includes holiday pay on gross % calculations

U

 Union Dues

T

 Taxable Benefit

A

 Taxable Allowance - acts like wages

P

 Pension Plan deduction before Tax is calculated

M

 Monthly Designator - dependant on Monthly Flag

V

 Voluntary Tax Deduction

1 - 9

 Exempt Deduction from Pay Category

D,W

 Double up on Deduction amount (W) multiply by 1.5

L

 exempt benefit from E.I. - used in conjunction with 'T'

N

 Non-Taxable Benefit

C

 Costing Entry - does not affect cheque

/X

don't start this deduction until deduction 'x' has maxed out

 

Examples: Amount Type

Amount

Type

Maximum

Comment

40.00

TM

 

Deduct 40.00 per month as a taxable benefit

50.00

VM

500.00

Deduct 50.00 per month as a voluntary tax remittance up to a total value of 500.00

2.00

%

 

Deduct 2% of the gross pay

10.00

M

 

Deduct 10.00 once a month

2.50

%T2

 

Deduct 2.5% of gross pay except on overtime wages and the amount will be classified as a taxable benefit

 

 Canadian Payroll Software
Email