Use this Tab to set up an employee’s withholdings and tax deductions. The information entered on this Tab will determine how the employee’s taxes are calculated.
Taxes Tab Field Descriptions
1. Province: Select the Province for the employee from drop-down list.
2. Tax Exempt: Check this box if the employee is exempt from Income Tax (Provincial and Federal).
3. EI Exempt: Check this box if the employee is exempt from EI.
4. C/QPP Exempt: Check this box if the employee is exempt from CPP/QPP.
5. QPIP Exempt: Check this box if the employee is exempt from QPIP, for Québec Employees only.
6. Province Claim Code: Select the Province Claim Code for the employee from Drop down list, except the Québec employee.
7. Province Claim Amount: Once you select the Province Claim Code above, these fields will automatically update.
8. Federal Claim Code: Select the Federal Claim Code, from the drop down list for the employee. In this list you can find Claim Codes 1 through 10.
9. Federal Claim Amount: Once you select the Federal Claim Code above, this field will automatically update.
10. Additional W/H: Enter the dollar amount of additional Income Tax Withholding per pay period for the employee, if applicable.
11. Additional Deductions: Enter the annual Additional Deduction Amount for the employee, if applicable.
12. Tax Credit: Enter the annual Tax Credit amount for the employee, if applicable.
13. Area Deductions: Enter the deduction amount for living in a prescribed area, if applicable.
14. Pension Adjustments: Enter the “deemed” value of the employee’s Pension Benefits that have accrued in the year within a Registered Pension Plan and/or Deferred
Profit Sharing Plan, if applicable.
15. TD1X Remuneration: Enter the remuneration amount on the TD1X form for commission remunerated employees.
16. TD1X Expense: Enter the expense amount on the TD1X form commission remunerated employees.
17. Additional P/Q W/H: Enter the dollar amount of additional Québec Withholding per pay period for the employee, if applicable.
18. PQ-TP-1015.03-V Deductions: Enter the amount from line 19 on the PQ-TP-1015.03-V Form, if applicable and only for Québec Employees.
19. PQ-TP-1015.03-V Claims: This amount will auto fill based on the amount for Claim Code 1 for Québec, for the current payroll year.
20. T4 Box 29: Enter the appropriate employment code for the employee, if applicable.
21. T4 Box 73: Enter the number of days the employee worked outside of Canada during the year, if applicable.
22. Labour Sponsored Venture Federal Credit: Enter the tax credit, if the takes the Labour Sponsored Venture Federal Deduction.
23. Labour Sponsored Venture Province Credit: Enter the tax credit, if the employee takes the Labour Sponsored Venture Provincial Credit Deduction.