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R
Rochelley
December 29, 2021
Question

2022 Maximum Pensionable Earnings are incorrect in QuickBooks "Download the latest payroll tax update"

  • December 29, 2021
  • 1 reply
  • 0 views

At the following link (a Quickbooks Help article), https://quickbooks.intuit.com/learn-support/en-ca/retirement-benefits/download-the-latest-payroll-tax-table-update/00/261590, the CPP Maximum earnings in the table for 2022 are wrong.  The table incorrectly states $64,600 as the amount, but it should be $64,900.  Please fix this Intuit, so that people are not misled and set up their 2022 payroll incorrectly.

 

 

1 reply

N
Nick K
December 29, 2021

Hi Rochelley.

 

Making sure your tax table information is correct is the cornerstone of running payroll. I'd be happy to go over the amounts in the tax table updates and this article.

 

First thank you for bringing this to our attention. As you stated the amount in that article is incorrect and we have sent the request in to have it updated to the correct amount. The tax table however is created using the information that the CRA sends to us. So while the tax table does have the correct information in it this article did not and will be updated shortly.

 

If you have any questions let us know and we'd be happy to help.

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