Prepare for the new tax year

Tax rates change in Canada at the beginning of each calendar year. Before you can run the payroll for the new year, you need to make sure everything is in place.

• Create your new year payroll calendar
• Install new DEDSTAT and tax formulas and constants from Umana.
• Adjust your new corporate rates(EI reduced rate, WSIB, WCB, CNESST assigned by the governments.

These must be in place before calculating the first pay of the new year.