The Government is delaying the release
of the final Payroll Information until later in December, 2005, but we will
still have your Payroll Update available on December 31, 2005 in-spite
of the delay.
The basic Federal Tax rate will be changed, and most of the Provincial and Territorial rates remain
There are some minor adjustments in the Federal, Provincial and
calculations due to the indexing factor.
The 2006 EI Premium
is fixed at $1.87 for 2006 (a eight cent
from the current $1.95).
CPP rate will remain at 4.95%
on Pensionable Earnings between $3500
and $42100, which has increased from $41100 in 2005.
The indexing factor factor
is 2.2%, down from last years
thus allowing to print out the latest
version of the manual. We also have a frequently
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
or anyone when you are not there.
System requirements for PAYTIME are
at least an Intel
or AMDAthlon™ XP, Sempron™
Opteron™ processor equipped computer. You will also need the
following hardware and
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.