-
Posts
-
Hi there.
I’ve got a new employee on my payroll who will be exempt from income taxes this year. I set her up in the payroll as usual, and set E=Y in her earnings account. I ran a mock payroll to see what would happen, and her net pay was equal to her gross pay. It didn’t calculate a deduction for either CPP or EI. What am I doing wrong? Please help!
Thanks,
Cameron
Hi Cameron
The code should be in the deduction account (D=TAX ; E=Y)
I have just checked it and it works.
Make certain that you have the birthday correct. I have been caught by the date.
Thomas
Edit Nov 06/2004
Cameron
I just checked and E=Y is ok in earning account.
The problem that I had was only CPP Caused by date.Post Edited (11-06-04 21:36)
TThibodeau:
I have told Bob Halpin that ~D=TAX:E=Y: does NOT stop Income Tax from being deducted from the pay cheque calculation.
E=Y only works for EI and CPP.
If you want EI and CPP deducted but not TAX, the only way is to Blank out the description ~D=TAX
Hello All,
If want the Income tax account to be exempt add the PAYCODE C=E to your D=TAX line. For example:
~D=TAX:C=E:
The PAYT4 procedure will pick up the income tax deducted throughout the calander year for the T4’s and the C=E will stop income tax from being deducted.
Regards,
Martin
- You must be logged in to reply to this topic.
