CRA posts payroll deductions formulas for computer programs • New payroll deductions calculator available online • Minimum wage going up • Minimum wage going up in Saskatchewan • QPIP 2012 premium rates • Minimum wage going up
Canada
CRA posts payroll deductions formulas for computer programs
The Canada Revenue Agency (CRA) has posted T4127, Payroll Deductions Formulas for Computer Programs, on its website. This publication contains recently announced tax changes effective July 1, 2011. There are no changes to the federal tax rates, income thresholds or personal amounts required for July 1, but there are some provincial changes. The publication contains updated tax rates for Manitoba, New Brunswick, Nova Scotia and Saskatchewan.
New payroll deductions calculator available online
The new payroll deductions online calculator is now available on the Canada Revenue Agency's website. The new deductions are effective July 1. There are no changes to the federal tax rates, income thresholds or personal amounts required for July 1, but some provincial and territorial changes have been announced. The new calculator can be found at:
www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/menu-eng.html?=eml20110609.
