Version: 16.9.1 - Released: 19-Dec-2023
Highlights:
- Canada:
- CPP2:
- The Government of Canada has implemented the second phase of additional Canada Pension Plan contributions, known as CPP2. These contributions will be automatically deducted from earnings that exceed the annual maximum pensionable earnings of $68,500.
- This setup has been completed automatically for your account and applies to all employees who are currently subject to CPP deductions. Eligible employees will see the new deductions on their 2024 pay stubs once their pensionable earnings exceed the annual maximum.
- Action Required: Steps to review CPP2 settings for accuracy.
- Tax Reports:
- T4 - Dental Benefit Code (Box 45) has been added to indicate the type of dental benefit plan (if any) offered to your employees. See instructions if you offer the same plan for all employees or multiple plans to different groups of employees.
- CPP2:
- Tax:
- Updated US and Canada withholding tax formulas for January 2024.
Details:
[FIX] Improved Tax/Deduction automatic calculation order handling when using YTD Amount/YTD Units for Include/Exclude Pay Stub Accounts.
[FIX] When viewing Pay Stubs, we now display pay stub accounts from the left column to right column based on order.
[FIX] Tax Summary and US PERS reports better handle cases where multiple tax/deduction records go to the same pay stub account, but each have different settings and different employees assigned to them.
[FIX] Adjust calculation order for premium policies so meal/break type premiums are calculated in daily trigger time order so if there are multiple policies of the same type they are handled correctly.
[FIX] Meal/Break premium policies now honor the Min/Max Time Resets setting so multiple breaks can be properly handled, such as after 5hrs and after 10hrs, and only max out at 1hr for the entire day.
[FIX] Premium policy DST transition caused shifts that span midnight to not apply the premium on the day the shift ends on.
[FIX] Add Tax/Deduction "Apply Frequency" for "Length of Service Date" and "Length of Service Date (Anniversary)" to better handle specific dates for individual employees.
[FIX] Accrual Policy -> Employee Settings data can now be exported with the "Export" button.