Element Usage | PC Usage |
---|---|
FED TAX EARNS Federal Taxable Regular Earnings Pay Components. Regular Earnings to be taxed by the ‘Normal Method’. | 5111 Pre-T4 Earnings– Fed Tax |
FED PERC EARNS Federal Taxable Earnings Pay Components to be taxed by the ‘Percentage Method’ | 5115 Pre-T4 Earnings– Fed Tax% |
FED SUPPL EARNS Federal Taxable Regular Earnings Pay Components to be taxed by the ‘Supplemental Method’. Supplemental earnings that are taxed by the ‘Bonus tax calculation’ of the normal tax method. These earnings will not be annualized in the tax formula and are treated as one-time additional earnings that are added to the estimated annual income to calculate the additional tax. Should include one-time overtime payments, one-time bonus or retroactive Pay increase amount in this element. | 5112 Pre-T4 Earnings– Suppl. Fed Tax |
TAXABLE BENEFITS Taxable Benefit Pay Components that need to be taxed along with Regular (FED TAX EARNS) and Supplemental (FED SUPPL EARNS) Earnings. | 5113 Taxable Benefit. |
RPP EARNINGS Any RRSP, Pension, etc. Pay Components. Reduces amount of ‘T4 Earnings’ Pay Component and is used to calculate the amount for the ‘T4 Tax’ Pay Component. | 5116 RPP Total Contributions |
ALIMONY-MAINT Alimony or Maintenance payments Pay Components. Reduces amount of ‘T4 Earnings’ Pay Component and is used to calculate the amount for the ‘T4 Tax’ Pay Component. | 5117 Alimony Total Payments |
UNION DUES Union Dues Pay Components. Reduces amount of ‘T4 Earnings’ Pay Component and is used to calculate the amount for the ‘T4 Tax’ Pay Component | 5118 Union Dues Total Deductions |
FED LUMP EARNS Federal Taxable Earnings Pay Components to be taxed by the ‘Lump Sum Method’ | 5114 Pre-T4A Earnings– Lump Sum Tax |
CPP EARNINGS Canadian Pension Plan pensionable Earnings Pay Components | 5001 CPP Earnings |
CPP HOURS Canadian Pension Plan pensionable Hours Pay Components. (Rarely used) | 5002 CPP Hours |
EI EARNINGS Canadian Employment Insurance insurable Earnings Pay Components | 5021 EI Earnings |
EI HOURS Canadian Employment Insurance insurable Time Pay Components. | 5022 EI Hours |
WCB EARNINGS Workers’ Compensation insurable Earnings Pay Components. | 5081 WCB Earnings |
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