How to Add/Modify Federal & Provincial Tax Data

This screen defines Federal and Provincial Tax calculation parameters used by Payroll for Revenue Canada’s Option 5 tax calculation method. Since federal and provincial tax laws change periodically, K212 HRP provides users with the facility to enter multiple Tax Parameter records, each covering a different period.

Use the following steps to Add/Modify Federal & Provincial Tax Data:

          1. Click on Payroll

          2. Click on Board

          3. Click on Federal Tax Data

          4. Click the Find button at the top of the menu bar to see all records in the database.

          5. If K212 HRP dialog box displays, click Yes to continue.

          6. Select a  Start Date to modify or Select New at the top of the menu screen to add a new record

          7. Select a  Start Date value

          8. Select a  Board Liability Account value

          9. Enter a Federal Surtax (%) value

          10. Enter an Additional Surtax (%) value

          11. Enter an Applies to Federal tax over (%) value

          12. Enter a For Federal Tax Up to _is_ % values

          13. Enter a Federal Tax Credit Exemption value

          14. Enter a Provincial Tax Credit Exemption value

          15. Enter a Maximum Provincial Tax Reduction value

          16. Enter a Canada Employment Credit value

          17. Enter a Provincial Fair Share Health Care Levies (%) value

          18. Right-click the grey grid below the F - Lower Income column and Select New Record to add a new record

          19. Enter in the relevant information within the grid (All fields are Mandatory)  (Consult the user guides for more information about each field)

          20. Enter in any other relevant information on the screen (If applicable) (Consult the user guides for more information about each field)

          21. Click the Save button to save your changes