Preparing payroll for tax season

Carswell’s payroll consulting manager provides a list for payroll practitioners to accurately complete 2012 taxes
By Annie Chong
|Canadian Payroll Reporter|Last Updated: 01/15/2013

This year, the deadline for filing T4, T4A and T4A-NR information slips and summary reports is Feb. 28. To make the process easier, the following checklist has been prepared by the Carswell Payroll Hotline to assist payroll practitioners with preparations for reporting 2012 income tax.

Before submitting T4s and T4As, ensure the following items have been checked:

• No employee has contributed more than the 2012 Canada Pension Plan (CPP) maximum of $2,306.70.