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For help on any subject relating to your company's year-end activities, please use the Contact us function ( |
Should this apply to your company, we recommend that you perform these activities first.
 | Validate credits and customized income tax deductions (Deadline: before the first payroll of the year) |
Explanation: You must keep the files up-to-date if some of your employees have tax credits and deductions other than the basic personal amounts (e.g.: alimonies, voluntary deductions, etc.). Note that we modify the basic personal amount on your behalf. However, you are responsible for tax credits and deductions.
Benefit: Ensure conformity with governmental regulations and avoid penalties. |
Others activities to perform in December
Declaring maximum dental care protection
Managing pension adjustments (if applicable)
Employee's YTD adjustments (Year-end)
Yes. The payroll data can be entered and submitted on the day of your choosing, by keeping the payable date indicated in the schedule. The processing date and payment date can be a maximum of 30 days apart if the payment method is by deposit. Make sure to enter the correct pay period end and payable dates. If vacation pay is payable on the same day as your current pay, you can process it separately. Consequently, your employees will receive two pays on the same date (current regular pay and vacation pay). If you select “same pay period” as the payment type, in-house deductions (group insurance, social club, etc.) will not be deducted from the vacation pay. To deduct these amounts, select “another pay period.” |