2022 Canadian Payroll version 124 (effective July 1, 2022) for NV1 is now available. This update is required by NV1 payroll users in British Columbia and New Brunswick.
- Provincial tax tables for British Columbia have been updated as per T4127JUL(E) Rev.22\07 116th Edition (Option 1), July 1, 2022. This update eliminates the Labour Sponsored Funds (LSF) credit when calculating income tax in BC.
- For New Brunswick, the basic personal amount has been updated to $12,623.