Updated Dec 8, 2004
NEW FEATURES for 2005
- The Government is delaying the release of the final Payroll Information until December 23, 2004, but we will still have you Payroll Update available on December 31, 2004 in-spite of the delay. [See CRA - Important notice about Payroll Deductions Tables effective January 1, 2005]
- The basic Federal Tax rate remains the same, and most of the Provincial and Territorial rates remain unchanged. There are some minor adjustments in the Federal, Provincial and Territorial calculations due to the indexing factor.
- The 2005 EI Premium
is fixed at $1.95 for 2005 (a three cent
reduction
from the current $1.98).
- The 2005 CPP rate will remain at 4.95% on Pensionable Earnings between $3500 and $41100, which has increased from $40500 in 2004.
- The indexing factor factor
for 2005
is 1.7%, down from last years
of 3.3%.
- We will be updating the PAYTIME Online Manual to the Internet at our web site at:
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 not there.
- System requirements for PAYTIME are at least an Intel Pentium Tm or AMD Athlon™ XP, Sempron™ or Opteron™ processor equipped computer. You will also need the following hardware and operating system software:
- An IBM or IBM compatible, protected mode Pentium or AMD computer
- A VGA or SVGA monitor
- 16mb RAM minimum.
- A hard disk with 30mb of free space to install Paytime files.
- Windows 98 SE, Windows ME, Windows NT4.0, Windows
2000. or Windows
XP. [We no longer support the DOS or Windows
95 version]
Copyrighted 1999-2004 by ABD Systems Co.