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D
Dovid Morris
December 14, 2022
Question

CPP Deductions

  • December 14, 2022
  • 1 reply
  • 0 views

All our employees are paid based on an hourly rate, not a set salary. With every pay cheque, the correct amount of CPP is deducted (7.0%), however at the end of the year, when I'm processing T4 slips, the basic exemption is not being taken into account. Basically, what QB should be doing is for every single employee, the first $3,500.00 in income should be considered CPP exempt, no?

1 reply

A
Alex M
December 14, 2022

Hi there Dovid Morris,

 

It's vital that all your payroll information be correctly entered so that your pay runs can be accurate. QuickBooks Desktop is a great tool able to help you calculate payroll based on the hours worked by your employees. I can point you in the right direction for assistance with payroll calculations.

 

For assistance with payroll deduction calculation, as well as how they appear on the T4 forms, you'd need to reach out to the QuickBooks Desktop support team outside of the Community. They'll be able to view the totals you see in your account as well as your forms in order to make sure everything is all entered properly. You can reach them using the options provided in the QuickBooks Desktop software support policies.

 

If you have any other questions, feel free to reach out here.

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