Technically you may be correct, however, Rev Canada and the auditors are both aware of the practice being followed. The only question was whether we reported the earnings correctly when preparing T4’s. In fact because Holiday Pay is included as part of Gross Rev Canada includes the amount when assessing EI and CPP at year end.
So the question is can they process holiday in the same manner in nv2 as they have being in nv1?
ie: 4% holiday added to the gross, deductions taken, 4% Holiday Held (accured) deducted from gross. When employees want their Accured Vacation we write a cheque to the Vacation Held account, or Edit the current pay cheque (before printing) by adding an amount coded to Vacation Held?
Post Edited (07-06-05 14:32)