Payroll deductions

Reminder: Canada Pension Plan contribution changes in January 2012

December 22, 2011 Yosie Saint-Cyr Human Resources, Payroll, Source Deductions and Reporting

On January 1, 2012, changes to the rules for deducting CPP contributions will come into effect. These legislative changes do not affect the salary or wages of an employee who is considered to be disabled under the CPP, nor do they affect the salary and wages of a person who has reached 70 years of age. In addition, individuals will not be affected by these changes if they started receiving a CPP retirement pension before December 31, 2010, and they remain out of the workforce. So, what do employers need to know?

canada pension plan, Canada Revenue Agency, CPP contributions, CPP retirement pension, CPT30, deducting CPP contributions, Deductions at source, Election to Stop Contributing to the Canada Pension Plan, employment law, or Revocation of a Prior Election, Payroll deductions, pensionable earnings

Payroll deductions relating to long term disability premiums

July 29, 2011 Alan McEwen Payroll, Pensions and Benefits

Recently, one of our subscribers was wondering how to deal with payroll deductions relating to long-term disability (LTD) premiums. They wanted to know if the amount they deduct from the employee’s paycheque must include the Ontario sales tax on the LTD premium?