Begin-of-Year Processing

Complete year-begin activities after you complete your last payrolls of the year, but before you run the first payrolls of the new year. Year-Begin processing involves the following:

• Report/Remove Employee Tax Overrides

• Load Basic Personal Amounts for all Provinces and Territories

• Payroll Definition Updates

Report/Remove Employee Tax Overrides

The Tax Overrides Report provides the ability to either report, or report and remove, federal and provincial tax overrides for employees. This is especially useful for employers who, as part of their year-end and year-begin activities, want to reset the Total Claim Amount to the Basic Amount.

The federal and provincial overrides to report are:

• Total Claim Amount (Federal and Provincial)

• Annual Deduction (Federal and Quebec)

• Other Tax Credits (Federal and Provincial)

• Additional Tax (Federal and Quebec)

• Annual Income Including Commission (Federal)

• Annual Commission Income (Quebec)

• Commission Expenses (Federal and Quebec)

• Labour Fund Contributions (Federal and Provincial)

• Tax Rate (Federal and Quebec)

• Tax Amount (Federal and Quebec)

• Prescribed Zone Deduction (Federal and Quebec)

• Federal Lump Sum Rate (Federal and Provincial)

• Provincial Lump Sum Rate (Quebec only)

Payroll Definition Updates

Use the Manage Payroll Definitions task to verify the payroll calendar dates for the coming calendar year.