This page (revision-11) was last changed on 26-Nov-2021 10:22 by Karen Parrott

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At line 32 changed one line
;[TD1 Claim Code|PCC_ID_FED]: The Canadian Federal TD1 Claim code is the code that corresponds to the annual amount that an employee claims as a personal tax credit on the Federal TD1 form. You must choose FED-00, FED -01...FED-X for Federal Claim Code.
;[Claim Type Code|PCC_ID_FED]: The Canadian Federal TD1 Claim code is the code that corresponds to the annual amount that an employee claims as a personal tax credit on the Federal TD1 form. You must choose FED-00, FED -01...FED-X for Federal Claim Code.
At line 34 removed 4 lines
;[TD1 Claim Override|CFED_TD1_AMOUNT]: When an employee is filing the TD1 form, the employee may choose to use a personal claim amount instead of the claim code. If an amount is entered as TD1 Claim Override, this will be used instead of TD1 Claim Code.
;[Annual Tax Credit|CFED_ANN_TAX_CREDIT]: The Canadian Federal Annual Tax Credit is the annual amount that an employee claims as a tax credit for Normal Tax Calculation. These federal tax credits are medical expenses, charitable donations, etc. and must be authorized by the tax office.
;[Ann. Area Deduction|CFED_ANN_AREA_DEDUCTION]: The Canadian Federal Annual Area Deduction amount is the deduction for living in a prescribed zone (e.g. Yukon Territory, or Northwest Territories) specified on the TD1 form.
;[Annual Tax Deduction|CFED_ANN_TAX_DEDUCTION]:The Canadian Federal Annual Tax Deduction reduces the amount subject to federal income tax withholding. These annual tax deductions are child care expenses, alimony and maintenance payments not deducted from the employee’s salary.
At line 39 removed 6 lines
;:In order to qualify for this deduction, an employee must be authorized from their tax services office for the specific deduction amount.
;[Labor Fund|CFED_LABOUR_FUND]:The Canadian Federal Labor Fund is a federal labor-sponsored fund tax credit amount for the acquisition by the employee of approved shares of the capital stock of a prescribed labor sponsored venture capital corporation.
;:If the share purchases are not being made through a payroll withholding arrangement, the employee must obtain authorization from their local tax services office or tax center to reduce tax withholding.
At line 47 changed one line
;[Federal Tax Method|CFED_TAX_METHOD]: The Canadian Federal Tax method indicates whether federal tax should be calculated using:
;[Fed Tax Method|CFED_TAX_METHOD]: The Canadian Federal Tax method indicates whether federal tax should be calculated using:
At line 49 changed 3 lines
;[CPP Method|CFED_CPP_METHOD]: The Canadian Federal Canada Pension Plan method specifies whether CPP is calculated using a period exemption or an hourly exemption.
;:If an employee works in the province of Quebec, [UPCALC] will calculate QPP instead of CPP.
;:When the employee works in Quebec and other provinces during the same year, both CPP and QPP calculation take into consideration the other method (either CPP or QPP). Neither CPP nor QPP will allow the contribution to exceed the annual maximum.
;[Fed Tax Amount|CFED_TAX_AMOUNT]:This field contains the flat tax amount that has been pre-calculated by you to be taken each pay.
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;[EI Method|CFED_EI_METHOD]:The Canadian Federal Employment Insurance method indicates that employment insurance must be calculated.
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;:If the percentage is greater than zero, it will be used whenever the Federal Tax Method specifies to use a percentage. Otherwise, the percentage from GOVTREG ([IDGV]) will be used.
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;[Federal Tax Amount|CFED_TAX_AMOUNT]:This field contains the flat tax amount that has been pre-calculated by you to be taken each pay. It will be used when the Federal Tax Method equals the Flat Amount Method.
;[Add’n Tax Per Period|CFED_ADD_TAX_PER_PERIOD]:This field contains the amount of additional tax the employee claims on TD1 form that is to be taken each pay period. If the employee does not have enough taxable earnings, this amount will only be taken if on the [IPPR] form the Additional Tax Option field is set to ‘Always’.
;[Fed Add’l Tax / Period|CFED_ADD_TAX_PER_PERIOD]:This field contains the amount of additional tax the employee claims on TD1 form that is to be taken each pay period.
This page (revision-11) was last changed on 26-Nov-2021 10:22 by Karen ParrottTop