We are making the changes to handle the new method for calculation taxes
in most of the Provinces. This new method is
(Tax On Net Income), instead of using a percentage
of the Federal Tax rate; the Provinces/Territories will be using a percentage
of Net Income.
There are new
forms for each Province. The deductions for the Federal and Provincial
governments will not be the same any more. Please obtain copies of the
new TD1 forms and the Provincial TD1 forms from www.ccra-adrc.gc.ca
or by calling 1-800-959-2221.
EI Premium will be fixed at $2.25
for 2001 (a 15-cent reduction from the current $2.40). The CPP rate
will be increased to 4.3% on Pensionable
Earnings between $3,500 and $38,300.
thus allowing to print out the latest version
of the manual. We also have a frequently
asked question (FAQ) section, to answer some of your common questions.
More information is being add to the PAYTIME HELP feature. It acts as an
electronic Post-it note for both you and us. You can store any special
instructions you may have for yourself, your staff or anyone when you are
System requirements for PAYTIME are at least a Pentium
CPU computer. You will also need the following hardware and operating system
An IBM or IBM compatible, protected mode Pentium or AMD-K6 computer
A VGA or SVGA monitor
8mb RAM minimum.
A hard disk with 8mb of free space to install Paytime files.